The difference between this Web 2.0 model and the previous one is directly equivalent to the difference between a rain forest and a desert. One of the primary reasons we value tropical rain forests is because they waste so little of the energy supplied by the sun while running massive nutrient cycles. Most of the solar energy that saturates desert environments gets lost, assimilated by the few plants that can survive in such a hostile climate. Those plants pass on enough energy to sustain a limited number of insects, which in turn supply food for the occasional reptile or bird, all of which ultimately feed the bacteria. But most of the energy is lost.
In search of a cure…
The only way to fight Philadelphia Syndrome is to put our heads down and create something great. Forget New York. Forget LA. Whether its an innovative school, a new way to work, or what we’re doing with Devnuts, don’t stop until people start noticing. Stop whining. For God’s sake stop whining. Stop talking about what you’re doing and just do it. Once that happens, Philadelphia will start to be known as a place where things are happening and not a place where things might happen.
The reality is, cities are like women. You’re attracted to the ones that don’t need you. New York doesn’t need you, it’s the center of the universe. LA is where movie stars live, you’re not worthy. Philadelphia begs for you to like them. Remember we’ve got such great art! Almost all cities have great art. That’s not a reason to live here.
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For example, if you were to take five people and individually ask them their opinion of the future of a sector they would likely give you their honest opinions (and their predictions would probably be quite reasonable). However, if you place them in a room together and ask the group for their expectations of the future of a sector, if a bubble were occurring you’d see that the average prediction for the group together was actually higher than the average of each individual’s opinion.
In most bubbles, this type of behavior tends to manifest itself as a fear of being left out or left behind. This feeling, when our expectations of the future become overly dependent upon each other’s perceptions of the future and result in a collective view that is more optimistic than each of our independent views, is arguably what leads to bubble-like behavior. I believe that this can be used as a pretty good indicator for judging if a bubble exists. (Source)
Are any sites recovering from the recent change by Google?
Talking about the future of healthcare and how he got started.
Fred Wilson: The business models that work best on the web will ultimately work best in mobile. The corollary to that is that the business models that don’t work well on the web will not work well in mobile in the long run.