web 2.0 is the changes on the Internet. web 2.0 has lead to online communities and its hosted sites, such as YouTube where you can show videos, social sites where you can talk to your friends like facebook, wikipedia were you can get information and people are free to change to change the information and blogs where you can write your feelings and opinions.
web 2.0 allows people to get more information.
Web.
Web 2.0, through its numerous definitions, encapsulates the idea of the proliferating of
inter connectivity and interactivity of wed-delivered content. Tim O'Reilly regards Web 2.0 as
business embracing the web as a platform and using its strengths, for example global audiences.O'Reilly considers that Eric Schmidt's abridged slogan, don't fight the Internet, encompasses the essence of Web 2.0 — building applications and services around the unique features of the Internet, as opposed to expecting the Internet to suit as a platform (effectively "fighting the Internet").
By the time the dust settles, the global financial crisis might end up producing one final casualty: the easy money that venture capitalists have poured into Internet start-ups with, at best, vague plans how to make money.
In the frothy Internet phenomenon known as Web 2.0, when user-generated content and community sites were the name of the game, venture capitalists barely ratcheted up expectations for revenue beyond their low or non-existent hopes during the boom of Web 1.0.
Instead, they took expensive stakes in companies such as YouTube, MySpace, Facebook, Digg and Twitter -- many of which prioritized building an audience over a revenue plan. But now, VC fundraising is dropping amid an economic slowdown.
Just this week, Thomson Reuters and the National Venture Capital Association released data showing that only 55 venture capital funds raised money in the third quarter, a drop of 29 percent from one year earlier. The total amount of money raised dropped 6 percent to $8.1 billion.
And while VC's are feeling squeezed on the amount of money they're able to raise, their exit options are diminishing too, as the I.P.O. market drops out (just six this year in technology and health care versus 55 last year). Returns through acquisitions of their investment are also taking a nosedive -- just 58 in the third quarter of this year compared to 102 in the same quarter last year, according to the N.V.C.A
And while VC's are feeling squeezed on the amount of money they're able to raise, their exit options are diminishing too, as the I.P.O. market drops out (just six this year in technology and health care versus 55 last year). Returns through acquisitions of their investment are also taking a nosedive -- just 58 in the third quarter of this year compared to 102 in the same quarter last year, according to the N.V.C.A
Should the trend continue -- and venture capital funds operate on 10-year cycles, so they don't shift direction all that rapidly -- companies will need more than just a clever idea to get funded.
