Value, Customers and Efficiency

Jeff Jarvis has a terrific post about Web2.0 hype soon to be replaced by the realities of running an actual business. I've been convinced for some time that the rapid promulgation of thousands of 2.0 startups is driven by plummeting startup costs and the still low cost of money. This reality combined with the emergence of a plug-and-play revenue model (aka AdSense) means just about anyone with a PC, Ruby, and some spare time can get on Arrington's radar. To paraphrase Jarvis, delivering meaningful value to customers in an efficient way was, is, and will always be the ultimate determinant of success in the marketplace.

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