This was pretty light and fluffy when it was written in 2005. How is this relevant now? His main example is how reddit is a failure. Say what you want about reddit (I don't like it), but it sold for money. Of the stuff that came out of 2005, it's the one everyone remembers (although I imagine Loopt will be a household name soon enough with the Verizon deal).

Seriously, where is my down arrow?