Deja Vu All Over Again

Do you remember back in the first Internet bubble, when people could get funded based on using the right catchphrases (B2C, eyeballs, viral marketing)?

It got so ridiculous that people created automated elevator pitch generators which stitched together a bunch of buzzwords into an eerily plausible-sounding sentence.

Of course, after the market collapsed, most people figure that hell would freeze over before things got so frothy again.

Well, start warming up your space heaters, because it’s getting awfully cold down there.

The cleverly named odio.us (and if you don’t get the joke, you’re really out of touch) shows that the Web 2.0 bubble may very well be just as blather-filled as its predecessor.

On the other hand, business ideas like “emergent wiki-based filtered blog infrastructure that leverages grassroots talent” and “social-networking-aware open source p2p targeted advertising cellphone app that leverages network effects” sound like they might have legs….