Caterina has a point, but David has a better one — all the hype and new “web 2.0” businesses popping up (and no, I’ll never write that without quotation marks around it) is giving us as repeat of the 90s bubble times, when what really makes this new “era” better than the last is the ability and willingness of people to address problems simply, directly, in small teams, charge for the solution, and organically grow a business without the need for crazy VC funding, San Francisco digs, and attending tons of conferences.