I do think we need to start looking at the explosion in venture capital. The one true impact of the much-fabled Web 2.0 is that companies don’t need as much money, which means that VCs can’t invest big buckets of bucks in a few plays, which means that lots of plays are getting money but it’s much harder for the good ones to stand out.Jarvis' BuzzMachine has a great post about economics, media and new markets. This is important to you because we are now living in the world of "people formerly known as the audience" -- but the media business is not there yet.
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