In the California of 1850 the Gold miners rarely struck it rich, but many of the saloons, shops, and others who offered the miners a supporting infrastructure did very, very well.
156 years later things have not changed all that much. Tens of thousands of people flock to Silicon Valley to make their fortunes. They mine for electrons rather than gold, but only a handful strike it rich.
Enter Mike Arrington, the charming and very sharp fellow who runs TechCrunch, arguably the top Web 2.0 information watering hole in the blogosphere.
CNN Money has a great article about how Mike and a handful of other bloggers have launched publishing empires, rising from obscurity to international prominence over just the last few years.
Although Arrington has his hand and money invested in several Web 2.0 startups, I predict that, like the saloon keepers of 1850, his key contribution will be as a facilitator and information provider.
Cheers 2.0 Mr. Mike!