Deja vued again: New York magazine’s Michael Wolff has written an extremely blogged column called, “The New Old Thing,” about the strangely familiar feeling of Internet boomtimes that’s taking place these days.
it 1994, which means it’s just getting started again? Or is it 1995 and
the Google IPO is Netscape, which means a year of pure mania before the
first dip? Indeed, if this online Christmas season is as good as many
people think it’s going to be, if the Google IPO goes out at maximum or
even undreamed-of levels—sheesh, we could see dot-com ads back by the
Super Bowl. Or is it all speeded-up—some new version of Internet time,
with boom and bust compressed? Real boom or cruel boomlet?
Today, my friend Tony Silber of m10 Report has an interview with Wolff
regarding the “new boom’s” impact on magazines. In addition to Wolff’s
insight, I like the approach Tony takes with this piece. Rather that
structure it as a Q&A format, he uses the “as told to” model.
Nearly two years ago, I posted a long blog piece
regarding a concept I heard futurist Paul Saffo describe in 1995 that
he dubbed, “micro-myopia.” The concept, described on that previoius
blog post, helps to explain what Wolff is now sensing.
Even more prescient, however, is Saffo’s 1998 interview with PBS
in which he predicted that most of the then-booming start-ups would
fail, but that the longterm effect of “information technology” would be
what Wolff is now having his eureka moment about.
I guess that’s why they call them futurists.