What is Web 2.0? It’s a hard thing to pinpoint, nail down or even really define because it is evolving so much, but I ask the question with the intent to get some commentary from everyone. How would you describe it?

On the subject of Web 2.0 . . . I had lunch last week with Phil Burns, COO of Provo Labs, and we talked a lot about this topic. The conversation was invaluable because I learned a ton from Phil and he told me he took my advice about renaming a project he is working on. Very cool.

The point is, our lunch meeting created a lot of wealth for the both of us. It’s kind of like the “lovecat” concept if you will, but my favorite description of it goes like this “For the earth is full, and there is enough and to spare. The two-hour conversation Phil and I had over chips, queso and about five sodas a piece at Chili’s felt exactly like this. Phil shared. I shared, and we are both wealthier for it.

Exchange creates wealth.

That being said. How would you describe Web 2.0?