While all of us attendees explore the possible applications of Web 2.0 technology I believe it is important that we remember the profound applications of older (Web 1.0) technology that literally is creating a new class of philanthropists, some of whom might even be interested in funding new Web 2.0 social ventures.

New applications of old technology are still extremely valuable in generating massive cultural change. An analogy: Hip Hop DJs still love vinyl because it complements and extends the creative possibilities of the newest digital technologies. Similarly, Web 1.0 enables the new philanthropists to create whole new pools of money -- and social self-expression -- that can fund the next wave of initiatives and their supporting technologies.