What Is Web 2.0? Short Version documentary

A couple of weeks ago Michael Arrington got together with a number of startup CEOs and executives to video a discussion about Web 2.0. Participating in the discussion were Aaron Cohen (Bolt), Scott Milener and Steven Lurie (Browster), Keith Teare (edgeio), Steven Marder (Eurekster), Joe Kraus (JotSpot), Jeremy Verba (Piczo), Auren Hoffman (Rapleaf), Chris Alden (Rojo), Gautam Godhwani (Simply Hired), Jonathan Abrams (Socializr), David Sifry (Technorati), Matt Sanchez (Video Egg) and Michael Tanne (Wink).

• Is Web 2.0 different from the Web 1.0 bubble?
• True growth - Now we have technologies, user-generated content, proven business models .
• Fundamentals are stronger, more people online, the cost is lower, etc
• If there never was an Internet boom...it would be right now. (Chris Alden)
  
• 'User-generated medium' movement
• User adoption trends
• To make all of our content able to move, and change and that the Website page is controlled by not the ppl who made the company but by the ppl who use the page. (Aaron Cohen)
• PRIMART TREND: Users are learning how to communicate directly to other others, as opposed to publishers communicating to the users. Now it is part of our lives, the current generation of kids has grown up with it, there not feeling around in the dark, there looking for ways to expand and explore and communicate with it, that the couldn't even think about in Web 1.0. (Scot Milener)
• Our passive time, has become active time, and we are actually creating stuff.
  
• This articfial distinction between a producer and a consumer is dissolving - The participant economy.
  
• Atuned to more of a conversation than a lecture.
  
• All the different sites begining to be fused together, where you will see a bit of one site on another site and vice versa.
• Open sourced software, cheap hardware.
• FOUR PRIMARY ELEMENTS:
• Search
  Tools/applications
  Content
  
  • CommunityAjax apps. vs. Flash apps.Users can interact with applications as if they was desktop applications
  Increase in query length
  Factors:
  Sheer number of users is increasing, (almost 1 billion)
  Demographic is changing (the millennial generation - just grew up with technology)
  Spending more time online
  Content owners are beginning to realize that the value of their data is much greater if its distributed outside their environment, then if its locked up within a single environment.