[drndown2007]

Is it just me, or are we seeing a lot of hip new Web 2.0 sites that are going under lately? Is lack of an actual business model the culprit?

[robryan]

Maybe you are just hearing about more of those that fail instead of them going quietly. If the majority of "hip new web 2.0" startups weren't failing in one way or anything the VC/Angel financing business would be pretty much printing money.