I see it more as a breeding ground for creative collisions, with M&A events as acqusitions often not of businesses, but of mini ecosystems of creative energy. The Borg economy, essentially. But perhaps this is just an effort to be charitable, because so often there is no apparent model. And many of the new ideas, particularly the Web 2.0 models, suffer from one crippling disadvantage. They require the user to tie himself to the model on nothing more than faith that the venture will survive. Tie himself, because the user has to change processes, enter data (that often cannot be exported later), etc. to align himself with the venture. Basecamp is a perfect example. Great idea. Brilliant. Smart. Cool. But I have to really invest in it to use it properly - and I have no idea whether it will be around in 6 months. Do I want to invest myself and my clients in it? I have no idea. Perhaps it's a hangover from Bubble 1.0, perhaps it's the inherent nature of the innovation economy, but this really impairs the transition of an idea from cool idea to business model.