If you haven't already read the great post from Mike Berkely on the Silicon Florist Blog - go do so!  Rick Turoczy invited Mike to post his thoughts on the state of web entrepreneurship.

Here's the first section and a link to Silicon Florist post:

"Since putting SplashCast to rest a few months ago, I’ve finally had time to reconnect with the entrepreneur community here in Portland, as well as in the Bay Area and NYC.  I’ve packed my days full of coffee, apricot scones, phone calls, and meetings… lots of meetings.  I’ve talked to dozens of entrepreneurs and investors.

Two themes have surfaced in this process.

First, we are in front of a new wave of web innovation. It’s fuelled by the simultaneous emergence of location-aware mobile devices (GPS on iPhones, etc) and real-time, one-to-many communication tools (Twitter, etc).  For the first time, information about your life in the physical world (where you live, work, workout, eat, shop, drink, etc) can be readily known and indexed in the virtual world.  Mix that with real-time, always-on communication among friends, colleagues, local retailers and businesses, and we’ve got some amazing opportunities to chew on.  A few start-ups getting early traction here are Foursquare, redbeacon, and Portland’s ForkFly.

I think we’ve entered the next chapter in the evolution of the Internet.  On the heels of the now-passé “Web 2.0” era, we’ve embarked on what esteemed VC Fred Wilson calls the “Now Media” era.  FWIW, I don’t like the “Now Media” moniker because it captures only the time dimension, leaving out the geographic dimension.  I’d prefer something like “Here & Now Media”, which of course is too long and clunky to ever stick… but you get the point: for the first time, the Internet is reaching beyond pixels on a screen and into the real, physical world.

Second, I am observing that most entrepreneurs aren’t seeing the “forest through the trees.” They are so focused on the content of their business—their product, web site, iPhone app, user experience, etc—that they aren’t paying attention to the business itself.  Perhaps this is a timeless issue, one that has always challenged entrepreneurs.  But my theory is that a disastrous economy reinforces this tendency, since ramping revenue is so much harder now than it was just a few years ago."

Read the entire post on the Silicon Florist!  Here's the link: http://siliconflorist.com/2009/09/23/mike-berkley-preparing-web-boom/