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Sarah Lacy on Fox Business Explains What Web 2.0 Is and Why LinkedIn Is Hot
Written by Allen Stern - May 9, 2008
Sarah Lacy appeared on Fox Business this evening on their "Happy Hour" show to promote her upcoming book. Host Cody Willard should stick to financial topics - whenever he crosses over to tech, it just doesn't work. See our previous example for another example where Cody explains how Facebook's Beacon works.
Sarah begins by defining Web 2.0 as, "basically the collection of companies that started around 2002-2005 and the hallmark is user-generated content, social media and social networking." She names Facebook and YouTube as Web 2.0 companies.
Then Cody shows his real intelligence by explaining that Web 2.0 is a "Ponzi scheme." Sarah tries to explain that none of the Web 2.0 companies have gone public and that's why we will never be in a bubble.
Sarah then attempts to use her one line which she believes makes her look like an insider, "Facebook actually makes hundreds of millions of dollars a year." She's used this line on every video/audio interview I've seen/heard lately.
Sarah tells Cody that LinkedIn is the next Web 2.0 company to be a success. Cody then replies with the following, "LinkedIn is a crappy site, no one is going to use LinkedIn." Sarah gets very loud in explaining that LinkedIn has the best business model on the Web today. I agree with her that LinkedIn is hot without being in the 250. Check out our LinkedIn coverage including Mark's LinkedIn guide.
Overall Sarah comes across smart and knowledgeable in this very short interview. Great book placement behind her left shoulder - not sure she could have asked for a better placement!
Side note, I have purchased a tripod so videos should now always be nice and still. And this weekend the video card will be connected to the cable and future tv captures will be perfect. Thank you for your patronage.
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Allen,
You are right on target. I'm a PR consultant who has had some experience with that show. Several of my financial clients have been on. No problem. But, I would never, ever arrange for my Net startup clients or anybody with a tech story to get on. Codey doesn't know a thing about tech or the Net. Sarah's publicist probably picked that show simply because they can't get on her anywhere else.
oh, i have no idea why they picked her for the show but most of fox business hurts me to watch - this show just comes off poor everytime i watch it - regardless of the content. Codey speaks like he comes from money.
So, what are the business models now? ;)
I think she held herself well against someone that just looks like he's trying too hard to be hip (hey, let's have long hair and our show in a bar!!) and really doesn't seem to understand what's going on.
On the flip side, I did leave the Valley because I think the bubble is close to bursting - but because I'm seeing different signs.
what signs are you seeing?
awesome web20 is over now if she is right :p
I prefer the time of web app or web startup.
Allen, couldn't you just capture using a tv card?
I was going to note that using her definition of Web 2.0, we are now out of Web 2.0. My guess is that it's just a setup for her next book :-P
Darren, you don't like when I film the tv with my camera? The dark gradients add some oomph to the quality if you ask me. Actually I will be setting up the tv card this weekend. I couldn't do it in the old apt as there was one jack in the entire apt and the pc was across the room. But don't worry, now you will get nice captures :)
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