Venture guy Jack Biddle on the impending Google collapse:
1. The web 2.0 advertising model collapses when people realize that Google is every bit as smart as they are cracked up to be…and don’t have a nickel of EXCESS margin left for their ‘partners.’
2. Google collapses when Advertising Inc realizes ‘bots’ are accounting for most of the page views…and bots don’t buy stuff.
While I’m not sure I buy Jack’s Google-specific argument — although I applaud his bearish chutzpah — he goes on to make some savvy VC-related comments, so read the whole thing.