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I will add one thing. My company chooses to feed the beast as a development company (highly secure thing to do), and play in the game (more risky). So in a way, I've hedged my bets. Either way I win. From the standpoint of running my own startup, the current web 2.0 bubble sucks, because it makes it harder to compete. From the standpoint of my development company, it's awesome--the jobs just don't stop coming.
All in all, there shouldn't be any reason for smart people in tech to complain. I'm happy people are doing all these clone startups--because it's the best of both worlds: less competition, and more development jobs!
Anybody else with me on this one?
James
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