GenuineVC David Beisel's Perspective on Digital Change

October 10, 2005

The strongest impression that was made on me during the Web 2.0 Conference last week was that of enthusiasm. People are excited about the new developments, the new opportunities, and the new creation cycle that is currently happening in the Web 2.0 space. And I do understand and agree with this enthusiasm. However, it did strike me that a majority of the conversations and presentations that I saw lacked a healthy sense of skepticism that should correspond with any new company, initiative, or trend. It seemed, at times, like much of the zeal was taken at face value, without a critical eye given to ideas.

That being said, there are notable exceptions, some of which are turning up in the blogosphere (Fred Wilson, Om Malik). I thought that it was interesting to note that John Battelle, who helped organize the entire hyped-up event, is launching his new company underneath and away from the public display of excitement and enthusiasm that he helped create over the past couple days. It was his sobering remark in the last few hours of the conference about his wanting to avoid getting caught up in the hype this time around that I believed signified a sobering closure to the event. Even this man, who orchestrated the entire conference, has the perspective this time around to realize the difference between marketing spin and potentially genuine opportunity.

I hope that during this next boom we remember to critically test all ideas and notions with a healthy skepticism. I didn’t sense much of it over the past few days in San Fran, but I suspect that it will follow after the lessons we’ve learned.

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  • I am a cofounder and Partner at NextView Ventures, a dedicated seed-stage venture capital firm making investments in internet-enabled startups. Read More »



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  • Lee Hower
     - 11 hours ago
    @epaley in June 223K new jobs, but 432K people dropped out of labor force… participation fell to lowest in nearly 40 yrs
  • Lee Hower
     - 11 hours ago
    @epaley doesn't make sense when lower unemp % being driven mostly by ppl dropping out of labor force, not getting new jobs
  • Lee Hower
     - 11 hours ago
    @epaley but some have suggested US is moving to a lower equilibrium for full employment, e.g. "normal" unemp % is now lower than historical
  • Lee Hower
     - 11 hours ago
    @epaley yes net job creation is obviously good… monthly avg in 2015 slower than 2014, but still a bit over 200k/mo thus far thru 1H
  • Lee Hower
     - 12 hours ago
    @shaig most fintech focus on pymts & lending, I'd also try to include speakers that can touch on insurance too (will think on suggestions)