Understanding the dynamics of increasing returns on the web is the essence of what I called Web 2.0. Ultimately, on the network, applications win if they get better the more people use them. As I pointed out back in 2005, Google, Amazon, ebay, craigslist, wikipedia, and all other other Web 2.0 superstar applications have this in common.

Canada Alert: Top Web 2.0 Wonders

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But it seems to me he was saying something more — i.e., that he was able to create a business for only $12,107. The only problem is that I don’t see any sign of Truemors being a business (which I guess you could say about lots of other Web 2.0 sites t

Tim O'Reilly spoke Tuesday morning to an audience of about 900 at EclipseCon about business model patterns in the era of low-cost open source components.