A post on Silicon Valley Watcher based on a conversation between Tom Foremski and Randy Komisar, a partner at Kleiner Perkins seems to indicate that KPCB has stopped all investments in Web 2.0.
Not sure what that means, however I'm pretty certain that its being quoted out of context a lot on the Web. When I first read it I thought to myself, how are they actually delivering on this message .. Web 2.0 technologies and products are so pervasive these days .. so do they look at a business plan and say "oops no cant fund it cause its using Web 2.0 technology". Or is it more of "oops sorry you're not doing anything new and just labelling it as Web2.0.
Well anyways I ran into the link again today and saw that Tim O-Reilly had posted a comment on that site;
"Either KP is getting sucked in by the hype end of Web 2.0, and failing to
understand what it's really about, or else, more likely, they are using
another term for the same thing.
At the end of the day, there is a deep, long term trend towards the network as platform, and to applications that leverage the true strength of that platform. That's what *I* call Web 2.0, and I know that KP is still investing in that trend.
(They are, however, also taken with many other important areas, such as energy and the environment, that are increasingly distant from the web.)
But I think the real way to interpret this comment is to say that if a company needs to identify itself as a "Web 2.0" company rather than describing the problem
they are solving, or the opportunity they are creating, then they are just
playing the buzzword game, and aren't worth investing in, regardless of the
So sanity was finally restored to the Web 2.0 world ;-) ;-)