Rick Segal’s advice: Avoid Web 2.0 categorization. And it’s not just an easy way to find funding. You still need the business to go with it.
if you are working on solving a problem and looking to make money from the solution, focus on the customer and take advantage of what your ancestors, those Web 1.0 old farts, have done for you.
Lots of Bandwidth = You can do it on the web as a service
Lots of Storage = You can give people rich content because they can get it quickly
Lots of users = “Everybody” can get to an Internet connection
Free is good = You can do a lot, code a lot, market a lot, without spending tons of money