Web 2.0 10/06 11:35pm

I wanted to give a litle update from Web 2.0.

Very interesting experience.

Today on the Red Hat intranet task force mailing list there is a post asking if anyone is familiar with a company called Social Text . I just finished talking with the CEO – small world. Social Text is powering the wiki used for the web 2.0 conference.

I am a little tired so here are some high level comments

Tim O’reilly stated that Linux has caused Sun to change their business model. Jonathan Schwartz replied – “you mean Red Hat caused us to change our business model”. O’Reilly moved on to the next issue. Schwatz mentioned Red Hat several times. It seemed like he was trying to equate Linux with Red Hat.

The other interesting comment from Schwartz is that people do not want Open Source software they want free software. Very intereresting.

Lots of talk about search. Lots of talk about paid advertising. Blogs, RSS, and AJAX.

Almost every speaker mentions the long tail. Small transactions to lots of people will make a bunch of money.

Collaboration software, social networking, and viral marketing are big themes.

Tim and Yvonne will be interested in Bright Cove. Now they can start distributing movies on the internet.

Terry Semel, CEO of Yahoo, stated the the succesful media companies will be technology companies.

The napster guys have started a new company, Snocap, that provides musicians the ability to register and sell their music.

And finally, Jason Fried, CEO of 37signals a leading web-based application company, had 5 things we need less of to be successful:

1. Less $ – need more passion

2. Less people – reduce features to the people you have

3. Less time – otherwise over analyze

4. Less abstraction – do real things

5. Less Software – present software is too complicated

ZDNet has a great blog for the conference.

-Jeff