Fifteen years have passed since I was first introduced to the web by Marc Andreessen and Jim Clark's launch of Netscape in 1994. The following year I started a company, ZEFER, while at the management consulting firm McKinsey & Company. ZEFER was one of the earliest Internet services and development firms and we were both thrilled and lucky to be participants in the first days of Internet commercialization. In 1994, we estimated that there were probably 5000 websites; the Internet research organization Netcraft, based in England, started tracking the number of websites in 1995, then pegging it at 18,000. It's easy to forget how relatively early on in the innovation cycle of the web we find ourselves. Whether we are in Web 2.0 or moving to a 3.0 era, the on-going growth and striking dynamism continues to inspire me. Of course, we've had the dot-com boom and subsequent nuclear winter, but innovation requires the forest to be burnt down from time to time to allow new shoots to sprout.
As I reflected on some of the most recent Internet trends, hot companies, and wh