So that’s why the dotcom crash happened…

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Head over and read (ocregister.com) Colin Stewart’s post Whither Web 2.0? The last paragraph:

When the final chapter of the Web 2.0 story is written, the survivors will be the businesses that manage to build that sort of innovative relationship with consumers – and make a profit at the same time.

Not to nitpick, but isn’t that something that you could reasonably state about, well, any business? That it will survive if it can build a good relationship with consumers and make a profit at the same time?

If alienating consumers while losing money hand over fist was a viable approach to running a business, then we’d have a lot more Web 1.0 companies hanging around these days, now, wouldn’t we?