HomeGain launched its blog back in the early days of February, 2008 in part to experiment with Louis‚Äôs premise that Web 2.0, or more specifically Real Estate 2.0, doesn‚Äôt have a revenue model.
Monday‚Äôs Financial Times weighs in with an article that mirrors this problem:
Despite the slow start to money-making by Web 2.0 companies, the trend towards more social online behaviour that it embodies is widely claimed by insiders to be of lasting significance.
‚ÄúThe capabilities that are coming with Web 2.0 are very profound,‚ÄĚ said Devin Wenig, head of the markets division of Thomson Reuters. ‚ÄúThe (Silicon) Valley is usually right, and it‚Äôs usually early.‚ÄĚ