I'm beginning to think that the old phrase "think globally, act locally" has become an appropriate slogan for Web 2.0. (Or perhaps an alternative might be "think global, try to monetize the sh*t out of local".) With the rise of location-based services like Gowalla, Foursquare, and Facebook Places, local-friendly deal sites like Groupon, LivingSocial and Yipit, and local-happy news services Patch.com, Everyblock, and Baristanet, the message is clear: It's cool to be local. All the kids are doing it. A new eMagazine called Street Fight has grouped these businesses under one umbrella, dubbed it the "hyperlocal industry", and aims to be the industry's main source of news and analysis. I'll let you decide whether an industry getting its very own trade publication is an augur of exploding growth and collective interest, or is actually no signifier at all (besides, even kite flying enthusiasts have their own resource). 
Source: http://feedproxy.google.com/~r/Techcrunch/~3/gPYDihKuP-I/
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