While chatting with a friend about the recent influx of smarter web start-ups: "smart-ups!", I exclaimed, patting myself on the back, and thinking I was the bomb.com. Guess you had to be there.

I know, I know... the last thing we need are more buzzwords (and this one probably already exists elsewhere). But more importantly, starting a web company in 2005 is far different than starting a web company in 1999. People are smarter, hindsight is 20/20. Less money is needed. Less people are needed. I look back with laughter on my days at the failed MyWay.com in 1999: the hierarchy! The salaries! The sheer number of employees working on one, single web site! It's never been easier to get an idea out the door.

What are you waiting for?