I agree. Without the hockey-stick growth, do you see valley type investors funding those companies?

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The interesting thing will be what types of services and products are created when these developers have instant access to an entire network of users.

100%

and the type of businesses that are possible when you can have data moving throughout apps transparently, so you can have a craigslist-style app interacting with an airbnb-style app and a twitter-like app wherever it makes sense

The possibility of mashups and hybrids enabled by seamless interoperability is exciting.