Internet time. I hear that phrase a lot. At least once a week at work I hear people say things like “moving in internet time,” meaning ‘at warp-speed.’ The phrase’s foundation comes from the idea that when you combine one of the most revolutionary inventions of the modern era (the internet) with a fickle group who grew up huffing on MTV and puffing on video games, you end up with what we have today. What do we have today, you ask? Well, today is all about flavor-of-the-day. It’s clearly happened in music – it’s almost stunning how many bands with hits today are never heard from again compared to even ten yeard ago. It’s happened in the movies, where first week receipts are all that matters anymore.

It’s obviously happening on the internet. Remember Friendster? Goodness. Talk about a rush and then a crash. I remember at the height of the Friendster frenzy (bad alliteration, I know) I told whomever would listen that we should acquire it or something similar. Thankfully, we didn’t. Hey, I can admit when I’m wrong. Now look at MySpace – remember how HUGE it was even six months ago? Now it’s turning into a graveyard, as Facebook ramps. I’m sure glad I’m not Rupert Murdoch right now. There’s already rumblings about Murdoch’s Fox conglomerate spinning MySpace to Yahoo. Every day the price goes down! This must drive investors and VC’s crazy. Maybe in the end the only thing that really thrives are the true utilities. Remember a few weeks ago when I spoke about Wesabe? Now that’s a utility.

Crazy business, this. Sometimes it just makes me want to dial up some Gordon Lightfoot and forget about new media. Of course, it’ll never happen. After all, I’m that guy in the first paragraph.

Check this out! I’m scanning the New England News Briefs this morning in The Boston Globe and I came across this story. Check out this dude’s NAME!! Care to even TRY and pronounce it?

Man charged with assault, battery in park
A New York man was arrested last night and charged with indecent assault and battery in allegedly assaulting a woman and child in a play area of the Esplanade yesterday, State Police said. Rearlimgigeazr P. Eshiesycapilla, 23, was arrested at about 8:40 p.m. just yards from where the assault allegedly occurred, police said. The victim told police he had grabbed both her and the child and that she was able to break away and flee. Eshiesycapilla is expected to appear today in Boston Municipal Court on one count of indecent assault and battery and one count of indecent assault and battery on a child under 14.