Stowe Boyd is a panelist for the March 2 Under the Radar conference on Web 2.0. Here’s what he had to say about this hard-to-pin-down subject.

Why should the rest of the business world care about what’s happening in the Web 2.0 space?

There is a great deal of innovation taking place in Web 2.0 companies, and some of that will lead to changes in how we use the Web, which will offer businesses various opportunities. And some of what is being built may invalidate or obsolete old businesses or business models. So there are offensive and defensive reasons to pay attention.

What will the impact of the Web 2.0 frenzy be on enterprises outside of the Googles, Yahoos, Microsofts, and Amazons of the world?

Better ways to interact through the web will ultimately impact all businesses — it’s just a question of how long will it take. The companies closest to the edge — Google et al. — will be the ones impacted first.

Given that it’s so easy to create a start-up these days, how will the venture community get involved when most of the companies aren’t necessarily looking for funding, or aren’t fundable?

There’s been some discussion recently that what companies need more than money is good advice and access to the right networks. Social intelligence and social capital. I spend half of my time with startups for that reason.

If you had to recoin the term “Web 2.0,” how would you rename it?

I personally like the Web 2.0 term. I don’t think you could distill the sense of so much change in many dimensions into one or two adjectives. So the 2.0 suffix works the right kind of semantic shift for me.

What do you think is going to happen to most of the Web 2.0 companies? Where’s the money in this gig?

The money will come from being able to charge people for services that they value. 37signals makes money at everything it does, because they are tapping into real needs.

Name your three favorite companies in this space and tell us why you like them.

37signals — Basecamp is the poster child of Web 2.0, and the company is rolling out other products, like Writeboards and Campfire. Very inventive, but the team also espouses a less-is-more ethos that is deeply attractive.

Last.fm — a great example of what I call social architecture, and the best music exploration system. Integrates with iTunes to pull out what your listening behavior is, and then introduces you to a virtual neighborhood of people with similar tastes. Turns out I have the musical profile of a 23-year-old British woman, apparently.

30boxes — The company’s online calendar is inherently social — sharing times and dates with buddies — and the folks behind it are building the APIs so that 30boxes can become the keystone of a bunch of other apps and services. Something I have been hoping for, for a long time.

Honorable mentions: Flickr, Google Gmail, Blinksale, and Writely.

Stowe Boyd is a panelist for the March 2 Under the Radar conference on Web 2.0. Here’s what he had to say about this hard-to-pin-down subject.

Why should the rest of the business world care about what’s happening in the Web 2.0 space?

There is a great deal of innovation taking place in Web 2.0 companies, and some of that will lead to changes in how we use the Web, which will offer businesses various opportunities. And some of what is being built may invalidate or obsolete old businesses or business models. So there are offensive and defensive reasons to pay attention.

What will the impact of the Web 2.0 frenzy be on enterprises outside of the Googles, Yahoos, Microsofts, and Amazons of the world?

Better ways to interact through the web will ultimately impact all businesses — it’s just a question of how long will it take. The companies closest to the edge — Google et al. — will be the ones impacted first.

Given that it’s so easy to create a start-up these days, how will the venture community get involved when most of the companies aren’t necessarily looking for funding, or aren’t fundable?

There’s been some discussion recently that what companies need more than money is good advice and access to the right networks. Social intelligence and social capital. I spend half of my time with startups for that reason.

If you had to recoin the term “Web 2.0,” how would you rename it?

I personally like the Web 2.0 term. I don’t think you could distill the sense of so much change in many dimensions into one or two adjectives. So the 2.0 suffix works the right kind of semantic shift for me.

What do you think is going to happen to most of the Web 2.0 companies? Where’s the money in this gig?

The money will come from being able to charge people for services that they value. 37signals makes money at everything it does, because they are tapping into real needs.

Name your three favorite companies in this space and tell us why you like them.

37signals — Basecamp is the poster child of Web 2.0, and the company is rolling out other products, like Writeboards and Campfire. Very inventive, but the team also espouses a less-is-more ethos that is deeply attractive.

Last.fm — a great example of what I call social architecture, and the best music exploration system. Integrates with iTunes to pull out what your listening behavior is, and then introduces you to a virtual neighborhood of people with similar tastes. Turns out I have the musical profile of a 23-year-old British woman, apparently.

30boxes — The company’s online calendar is inherently social — sharing times and dates with buddies — and the folks behind it are building the APIs so that 30boxes can become the keystone of a bunch of other apps and services. Something I have been hoping for, for a long time.

Honorable mentions: Flickr, Google Gmail, Blinksale, and Writely.