Ok, If I'm correct, this has been hashed a hundred thousand ways. People in the industry get excited about some new technologies, and a couple of new ideas, (p

Ok, If I'm correct, this has been hashed a hundred thousand ways. People in the industry get excited about some new technologies, and a couple of new ideas, (portals, social networks, semantic web...there will be more) and a few somebodies make it big. Lots of other people say "x and y market could also use that idea" and soon it's a paradigm with buzzwords. Now there is a group of developers and entrepreneurs equipped with some good ideas, some buzz words, and some drive, they all take these things to the VCs of the world. VCs are smart people, and I'm sure that they get tired of seeing 20 different angles of the same box. Business principles haven't changed since the 1890s. You have to either do something new, or do it much much better than everyone else to make it big. I think that the message that he's trying to give is "Give me something new, and show me that you don't need to bank on the success of somebody else to do it"