• Bubble 2.0

    TechCrunch speaker spent $51 million in first bubble

    By Nick Douglas, 1:41 PM on Tue Aug 8 2006, 208 views (Edit, to draft, Top, Slurp)

    TechCrunch, the popular tech blog and clearinghouse for dot-com news, today runs a 24-minute documentary on Web 2.0. TechCrunch publisher Michael Arrington says Scott Milener had the idea. Milener, the CEO of a search startup called Browster, also speaks in the video.

    "So Web two-oh is not a bubble," says Milener. "Web one-oh clearly was, I think we've learned from that."

    Milener "learned from that" by spending $51 million of capital as the senior director of business development at eVoice. According to Philip Kaplan's book F'd Companies, eVoice ran a web-based voicemail service. When eVoice started charging, customers fled, and eVoice shut down in 2001 (then sold everything to AOL).

    So should anyone trust a dot-com opportunist like Milener with his own company? Sure, as long as it's an itty bitty one, right?

    Web 2.0: The 24 Minute Documentary [TechCrunch]

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