Robert Scoble writes an interesting post on the Web 2.0 bubble that is forming in Silicon Valley. Please give it a read.

I would agree that there is a bubble (the excitement is always going to wear out), and I like how Scoble describes it as a frothy bubble…maybe just because I like the word “froth.”

I also like this Gapingvoid cartoon that Scoble inspired with his post.

One thing I would add is that the logic behind the Web 2.0 concept is still something to learn from (bubble or not). Companies like the one I work for are inspired and benefiting from the spirit of Web 2.0 – even if the inspiration leads to businesses that are not 100% Web 2.0. No, we are not going to give our service away for free (our company still likes money), but we are going to start giving people more of what they want in ways that they want it.

While the financial side of Web 2.0 might dry up when the bubble pops, I think the legacy of Web 2.0 will live on after the fervor goes away. I have a hard time believing that the lessons of Web 2.0 are going to disappear just because VC interest does. And sure, companies will disappear, but for the companies that can do it right there is still plenty of opportunity out there.