says Bnoopy, because "it’s never been cheaper to be one." Specifics follow.

Infectious Greed adds:

Granted, you still need good ideas -- and maybe even better ideas if the financial barriers to entrepreneurship have fallen -- but people still haven't wrapped their head around how much less expensive it is to start a Web 2.0 company than it was to start a Web 1.0 outfit.

There is a bit of irony here, though. One reason Bnoopy cites is that development software is now free. And he has just been invited to join the board of EFF, which is really not very big on protecting IP. So once you start your venture on the cheap it is not clear exactly how you will monetize your work, since at every turn EFF will be supporting those who want to lift it.

Whether innovation is cheap or dear, if it produces no revenue stream, it ain't gonna happen.