6 Happy hacker teams

2004 was a big year for the startup industry. New application frameworks were refiguring the way people thought about the web and the products that could be built for it. Previously, the web had been a one-way street, where businesses posted content for customers to consume. The new ‘web 2.0’ (a term popularized at an O’Reilly Media conference in October 2004) was a two-way street, a place for user-generated content, sharing and co-creation. The social web was taking shape, venture capitalists were taking out their wallets and the tech industry buzzed with excitement.

Tech entrepreneurs, meanwhile, were exploring new ways of building businesses. The dot.com crash of 2001 had scared off investors from startups. In the ...

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