With Web 2.0 Summit now over, looking back, in my mind, easily the best panel was the one entitled Point of Control: Finance. It featured venture capitalists John Doerr (Kleiner Perkins) and Fred Wilson (Union Square Ventures) talking with New York Magazine’s John Heilemann about the state of both investing and the state of the web ecosystem at large. What made it so interesting is that Wilson and Doerr clearly don’t agree on many of the big issues.

This was best exemplified during the portion of the talk when the two give their views on where we are now. While Wilson worries that we may be in the midst of the next “bubble”, Doerr thinks of it as a “boom”. They’re both talking about the same thing, they just view it completely different ways.

Then they go into starting companies on the east coast versus the west coast, the state of angel investing, iPhone versus Android, Facebook versus the web, Google’s ability to innovate, ideas versus innovation, investing in Twitter, etc.

Watch it all above, things start to get more heated about 20 minutes in.

And here are the links to posts they reference:

A VC: Storm Clouds

Silicon Valley’s IPO Anxiety

BizDev 2.0

Crunchbase

• JOHN DOERR
• FRED WILSON

Person: John Doerr

Companies: Google, Kleiner Perkins Caufield & Byers, Move, Zazzle, Intuit, Erly, Amazon, Intel, Sun Microsystems

John Doerr is a partner at Kleiner Perkins Caufield & Byers. Together with KPCB’s partners, John has backed many of America’s best entrepreneurial leaders, including: Larry Page, Sergey Brin, Eric Schmidt: Google [GOOG] Jeff Bezos: Amazon [AMZN] Scott Cook, Bill Campbell: Intuit [INTU] Andy Bechtolsheim, Scott McNealy, Bill Joy, Vinod Khosla: Sun [SUNW] And the founders of Compaq, Cypress, Macromedia and Symantec These ventures have created more than 150,000 new jobs. In 1974 John joined a small chipmaker, Intel,...

Learn more

Person: Fred Wilson

Companies: Etsy, Outside.in, Return Path, Kik Interactive, Union Square Ventures, TargetSpot, Inc., DonorsChoose.org

Fred Wilson began his career in venture capital in 1987. In 1996, Fred co-founded Flatiron Partners. While at Flatiron, Fred was responsible for 14 investments including, ITXC, Patagon, Starmedia, TheStreet.com and Yoyodyne. Fred currently serves on the boards of Alacra, Comscore, iBiquity, Return Path, Instant Information and Tacoda Systems. (Source : Union Square Ventures)

Learn more