I am at Supernova in San Francisco. I just spoke at a panel on social networks in which AOL and Yahoo were represented. AOL has over 100 million unique users, mostly in America. Yahoo has around 400 million uniques with USA being it´s number one country as well. And other than Flickr my guess was that most people in the audience did not use AOL, nor Yahoo. Also other than Flickr I could not see how any AOL or Yahoo properties benefit from the Web 2.0 effect, namely that your experience gets better on the net because somebody else is surfing the same site as well.

But if anything AOL and Yahoo were eye openers to me in the sense that I wonder how elitist many of the sites that I invest in are. Companies like Technorati, Netvibes, Joost and many others are much smaller than Yahoo and AOL and have little chance to ever catch up with them. So is the Web 1.0 just here to stay? Is the Web 2.0 a minority group that just looks huge to us because we live in it but it is tiny when all is taken into account on the internet? Or will AOL and Yahoo eventually evolved and make most of their experiences comunal? Hard to tell.

Follow Martin Varsavsky on Twitter: twitter.com/martinvars

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