I have yet to see any true ipo-able web business to appear so far. When i mean truly ipo-able, i mean it has a REAL business model and one that can scale to billions. Something like Paypal or Ebay. Let's face it, Youtube, Facebook are all toys. They have eyeballs but no scalable business model. The best hope i've seen so far is Prosper.com. It doesn't have the massive eyeballs yet but hey, at least their biz model is scalable.

Does this mean that all the good billion-dollar ipo-able web ideas have been taken up? Is this it?