This article really hits the nail on the head with why I think there's a Web 2.0 bubble. People are not starting firms because of they think they can bring something both unique and compelling to a particular area, but because they want to have a start-up. Oh, and get filthy rich too. The investors are as much to blame by throwing cash at them. Facebook. 10 billion. My ass.
I love having my own company, but I also know what a roller coaster ride it is and that if you're not in it for the right reason, you're just going to come away with trauma and bruises.