Problem with Web 2.0

Life is pretty good in the dot com days. After some painful years of burst, we are learning ways to make money via the web. Amazon or ebay, just to name a few. During the process, some new business model emerges, such Netflix etc..

Then Google comes along. With its powerful search engine and adsense network, Google has created a new landscape on the web. And it can through out a bunch of stuff for free, APIs, Maps, etc.

Why is it a problem? Well, we can have all the innovations we want (although I would rather not use the I word), But there is NO innovation in business models. Want survive, sell ads.

I would argue so far we have experienced 3 phrases of web. Web 1.0 is the free web. Web 2.0 is the e-commerce. Web 3.0 is the context ads. And we are still waiting for the next business model..

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