- Moderator: Tod Francis, Managing Director, Shasta Ventures
- Panel of Experts:
I noted a couple of good quotes, the first were two answers to “How would you define Web 2.0?”
Sam Schillace stated that Web 2.0 revolves around collaboration. It is a better model for interacting with customers and quicker release times due to user demand.
Jason Pressman believes an ideal Web 2.0 application should be built with AJAX or a LAMP Stack. The application should allow interaction with data that comes mostly from the users vs. company generated. He believes a good example of a Web 2.0 company is Logoworks.
The second were some detailed answers to “What does it take to be a successful ad website?”
Jason Pressman believes that it needs to be a consumer conversation driven website for three reasons:
- Nobody is buying technology anymore, there is always more than one person developing the same technology
- Investors are buying teams that can execute and provide returns
- Investors want companies with defensibility, competitive advantage, IP, a good team
Pressman indicated that there were significant Web 2.0 opportunities for E-commerce: continues to grow, more people shop online; security has improved but needs to continue to develop; the key challenges are scaling and inventory.
There is also event recap on the Under the Radar Blog.