Web 2.0: Land of Opportunity, or Land of Absurdity?:

I'm sensing a backlash about the rising VC interest in Web 2.0. Mike Rundle takes aim at Flock in his post subtitled "The Leaning Tower of Buzz". He thinks Flock is only useful to the blog crowd and doesn't have a viable business model. Bart from Flock disagrees, saying in the comments that they do have a plan to make money and the market will decide. Then I went and read Kevin Burton's post, entitled Dot Bomb All Over Again?. Kevin blames "tech reliance on Venture Capital" for what he thinks is too much hype and too little value. Om Malik specifically references YouTube, a video-sharing service that got $5 million in funding, and says the "Web 2.0 funding frenzy is in full effect."

(Via Read/WriteWeb.)