Definition of 1999 1.0 and 1999 2.0

I use the terms “1999 1.0” and “1999 2.0” to refer to certain similarities in the “business cycle clichés” appearing in 2005 that harken back to an earlier era. In no way do I want to imply that all 2005 ideas will crash and burn, as many of those 1999 ideas were rather brilliant and successful. However, those 1999 2.0 ideas that are merely about fad-chasing, VC-focused business plans will likely “bust.”