When You Are The Content: Moderator - Barnaby Marshall. Panelists: JD Lasica; Matt Mullenweg; David Jacobson; Bob Young.

The audience becomes the content - it's about becoming part of a conversation rather than producing high-quality stuff.

Hyper-local news sites are a big phenomenon of Web 2.0 - disintermediates the "experts." "Ourmedia.org" launched one year ago. JD Lasica is the head of this non-profit organization. More empowerment of the user. IPTV are exploding with thousands of channels.

WordPress author Matt Mullenweg, 22, makes a popular blogging platform. His take is from the trenches of responding to user demand.

"We're at the early stage of this phenomenon." "We're in a micro-niche world of content."

Update
In ten years your personal video recorder will have the capability to store all video/film content ever produced... (not sure that's true but that's what David Jacobson just said).

"We can fail faster than ever before... our society is very forgiving." "Those of us who succeed aren't remembered for our failures." MM

"The Internet is still driven by first mover advantage... that's why we go out and get tons of money..." Bob Young

"heavy.com makes $20 million a year in ad sales." JL

"Blogs should not sell out too early because having a few ads is getting in the way of your users." MM "There is another economy behind blogs, he argues, although he does not explicitly describe what it is..."

Update 2
Audience question: "What are examples of success in VC investment?" "Are there any?" MM - "The moment you take some money you've sold your company.... hold out." "Check out http://www.dogster.com as an example of user funded projects."

"Read Terry Heaton's blog http://www.donatacom.com."

"Don't get too confused because the future is going to look an awful lot like today." BY