David Heinemeier Hansson of 37signals recently posted It's a great time to start a business in response to It's a bad time to start a company posted by Caterina Fake. I would strongly recommend you read both posts. I have found I agree with David on this one. I think that thoughtful ideas can turn into reality online more quickly and tattily than ever before.
Yesterday (March 25, 2006) I posted about PlentyofFish.com which is a prime example of the opportunity currently in the online space. Some may argue it is not truly a web 2.0 start-up but it has been successful online with a social networking site which is a web 2.0 commonality. Not to mention, if a story of a simple idea like a free online dating site turned success does not get your entrepreneurial blood boiling than I am not sure what will.
Is it a good time to start a web 2.0 company?
*Image thanks to thinkquest.org