April 30, 2006 5 Comments
Been reading the various posts by bloggers on the recent Web2Ireland event organised by Enterprise Ireland.
(Photo of Marc Canter Speaking , by Dermod)
Prize for one of the better (and concise) definitions of Web 2.0 goes to Kevin Sherry of Enterprise Ireland:
Web 2.0 is the Second Wave of Internet Business Activity.
Having said that , my view is Web 2.0 is almost , but not quite , going mainstream (in Ireland at least). Judging by the people I met (more below) and the dress standards I would judge the audience as 1/3rd Business-VC (suit and tie) 1/3rd Techie (Jeans and T-Shirt) and 1/3rd Professional Technologist (Suit but no tie). This contrasts with the last Web 2.0 event , where the audience was almost exclusively techie, despite dual business and technology marketing.
You can judge for yourself from the agenda at the Web2Ireland site, but my only gripe is that I’m not sure if Enterprise Ireland got the balance right. Aside from Marc Canter (who managed to successfuly quote Joyce in a techie presentation!) the main speakers – Judy Gibbons from Accel and Jeff Clavier (Software Only) – were either VC or Angel investors. That’s not to say that they didn’t have a lot of good, interesting and relevant things to say (more below), it just meant that you had to bear in mind their angle on things (we want to lend you money). Given the success of all the people mentioned this paragraph, I think they are well worth listening to. Adam Green , who despite being on a blogging break, hosted a very good lunchtime session (summary: ‘everything is XML’).
The key things I learned from the above speakers were (these are paraphrased , so excuse me if the quotes get lost in translation):
- Web 1.0 is dialup , Web 2.0 is broadband.
- Web 2.0 is part of a virteous circle, where each technology builds on the expectations – e.g. consumers now expect to find information online , so more information becomes available.
- Web 2.0 is still incomplete , so need to navigate around what is possible and what is not. (e.g Netflix , started with posting out DVD’s , but will stream video as that becomes widespread).
- Content is not scalable, but user generated content is.
- ‘The customer is only one click away from never using you again.’
- A valid business model is (still) seeing what has worked well in the US, then implementing it in Europe before the Americans can.
- Only exit strategy is to be bought – forget about IPO’s.
- Innovation comes from small companies.
- Make your website / service addictive.
- Leverage the power of community.
- Enterprise Web 2.0 is not there yet , but it will be.
This last point is of particular interest, given that the stuff that FirstPartners build is increasingly Web 2.0 techniques and technologies applied to the problems of the Enterprise. That’s probably worth another , separate blog post.
There a lot of good people that I met on the day, but a lot of people that I either missed, or didn’t have enough time to complete our conversations. By way of an apology , I’ll use the power of WordPress to trackback to them. Their blogs are well worth reading for further information / angles on the event.
- Conor O’Neill from Argolon – judging by the camera angles he was sitting behind me , but despite reading his blog for a number of months , I’ve yet to meet him.
- James Corbett,Eirepreneur who I didn’t get time to interogate on his latest mad business idea.
- Paul Watson’s notes on the event
- Liam Morrison took a break from his search engines to be there.
- Fergus of Nooked did a short presentation / pitch.
- Derek Organ survived the 200m commute to be there. Another person who I was looking to , and failed to meet!
- Tom Raftery (correct spelling this time!) – a pity the podfather didn’t catch the event on video
Technorati Tags: web2ireland