Have we missed the oppurtunity to make the 'next big' web startup?
meecube.com
meecube.com
1950-1970 = 20 years. 1970 + 20 = 1990.
So by that logic those who are ~20 right now at the end of this, IMO, "bubble" so by that theory we should be pretty experienced in starting start ups in the next 10 years and by that time new opportunity will open up.
In short: No.
Few years later, when we look back, I am sure that you will find some "big" companies started at 2011/2012, which is NOW.