WSJ.com - Many Internet Start-Ups Are Telling Venture Capitalists: 'We Don't Need You'

These two sentences are a nice summary of web 2.0.

WSJ.com - Many Internet Start-Ups Are Telling Venture Capitalists: 'We Don't Need You': "A new generation of Internet companies -- many offering online photo and blogging services or downloadable software for businesses -- have been built for a fraction of the cost just a few years ago. That's mainly due to the increasing popularity of cheap 'open source' software and programming tools, as well as dramatic cost reductions in computer memory, storage and Internet bandwidth."