There has been a ton of talk about Bubble 2.0, it started with Fred Wilson back in March of ’05, was picked up by Vulture Central in Oct of the same year and has since since spawned everything from an official blog to a Wikipedia entry. However, the only sure sign that Bubble 2.0 is in full effect is the recent launch of 5 major web sites focused on the Black audience. The last time this many copy-cat Black sites, with major backers, launched was at the tail end of the dotcom boom in late ’99 and 2000.
Back then a series of lackluster online efforts launched and failed in rapid succession. These sites were generally the brainchild of a disgruntled black executive in a traditional media firm who had snagged a white funding source. He (its always a he) would then hire a bunch of magazine writers, movie/music promotions people, traditional ad-sales folks and some witless MBA’s for legitimacy. What none of these sites had was a real problem to solve, a raison d’etre that was unique to their target audience, or a technological basis to solve that problem.