OK, perhaps the term Web 2.0 has gotten entirely out of hand lately. Maybe even more out of hand than the term information age? Any way you wish to put it however, I believe that it is basically a way of describing new ways of thinking when it comes to Web apps and the Internet as a whole. Just my thoughts on the matter…

A new survey of venture capital investment seems to show no incipient bubble in funding new consumer Internet companies, according to Reuters’ take. Well, let’s hope so. But it’s still early, and even the backers of the recent Web 2.0 conference warned that things were getting frothy. So do some VCs, such as Fred Wilson and Peter Rip.

Here’s why I’d still be worried: It costs a whole lot less to fund companies to revenue these days, as Jotspot’s Joe Kraus and others have pointed out. So even if the amount of money going into early ventures is steady, that means a whole lot more companies may be getting funded–and that doesn’t include the many these days that are bootstrapped by repeat entrepreneurs without traditional VC money. [Read the rest]

[tags]web 2.0,internet terms,information age,venture capital investment[/tags]