What is Web 2.0? That is the question I sought to answer at last week's Web 2.0 Conference. Yet, despite asking dozens of people that very question, I can't say that I am any closer to an answer than before I went to the conference. That said, I frankly don't think that it matters. Whether it is the case that Web 2.0 is a paradigm shift that takes advantage of open APIs, web services, folksonomies, etc. or is merely incremental advancement on existing paradigms such as user created content and increasing bandwidth is more or less irrelevant. What is relevant is the fact that large numbers of entrepreneurs are back to developing meaningful technology that makes our lives better across a vast array of use cases. That is good news for entrepreneurs and venture capitalists alike. But it is even better news for consumers and businesses, all of whom/which benefit greatly from accelerated innovation.

For those of you who are interested in hearing what a number of entrepreneurs at the Web 2.0 conference thought was the meaning of "Web 2.0," check out my latest VentureCast podcast. I can't say that the answers I got were too substantive in most cases but they were entertaining. Enjoy.