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Their only hope now is to buy all the best Ajax startups before Google does.

And even that's going to be hard, because Google has as big a head start in buying microstartups as it did in search a few years ago.

One ingredient of its meaning is certainly Ajax, which I can still only just bear to use without scare quotes.

Basically, what "Ajax" means is "Javascript now works." And that in turn means that web-based applications can now be made to work much more like desktop ones.

Origins Tim says the phrase "Web 2.0" first arose in "a brainstorming session between O'Reilly and Medialive International." What is Medialive International?

The closest you'll get to Bubble valuations is Rupert Murdoch paying 0 million for Myspace. Ajax Does "Web 2.0" mean anything more than the name of a conference yet? When people say "Web 2.0" now, I have some idea what they mean.

And the fact that I both despise the phrase and understand it is the surest proof that it has started to mean something.

Till recently I thought it didn't, but the truth turns out to be more complicated. I first heard the phrase "Web 2.0" in the name of the Web 2.0 conference in 2004.

And yet those who dislike the term are probably right, because if it means what I think it does, we don't need it.

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