You remember those dark days after the first bust?

You know the ones when all the MBAs left, and the people who loved the Web went on building it — building meaningful, crazy, artistic cool stuff, and the ethos of the social web was born, back before when that meant more then widget crazy/Facebook-tulip-bloom-madness. Yeah, that sure sucked.

Just thinking about it in the light of this week’s market silliness is enough to make me want to go back to SxSW again this year (where the torch was kept alight, like Ireland in the Dark Ages). And I’d sworn off it after this last year, but maybe budgets will be contracting again by then. And those projects that got started out in the darkness, say Flickr, and Upcoming and del.icio.us among others, wasn’t it all much better when the market got back involved and they got serious?

At least thats what reading Fred and Jason on “startup depression” reminded me of.