The problem with some of the “new Web” applications isn’t the application itself but the business model. Build an incremental feature, create some buzz in the echo chamber, and then sit back and wait for GAMEY (Google / AOL / Microsoft / eBay / Yahoo) to buy your company.
I suspect we all have some ideas about features that could fall into this category. But what if instead of buying your company, the big web portals built the feature themselves? Where’s your sustainable business model?
(Thanks to Brad Feld for the GAMEY reference. Brilliant.)