The New York Times has an interesting article on a talk recently given by Apple’s first “evangelist” Guy Kawasaki in which Mr. Kawasaki claimed that it is easy to become an Internet millionaire as long as you have a good idea.

The San Francisco Chronicle reports that, according to a report by Dow Jones VentureOne and Ernst & Young released Tuesday, “

[v]enture capitalists are pouring money into China’s fast-growing Web 2.0 market, investing a record $209 million in 22 Chinese companies in the second quarter.  Spread across an assortment of blogs, social networks or online encyclopedias, the rush to finance China’s growing Internet boom represents a 100 percent increase from the previous quarter,” the report says.

On CNetNews.com, attorney Eric J. Sinrod assesses the prospects of a new coalition whose goal it is to deter cybersquatters.

BusinessWeek contends that in light of the University of Michigan’s latest American Customer Satisfaction index, which shows that people prefer Yahoo’s “breadth of services” over Google’s “plain-jane search page […], news of the death of portals was premature.”

According to the Register, “Internet world superpower Google” has to defend itself against allegations that it is “conducting an Oz-blurring black op with its client state the US of A, which appears to have thrown out of focus swathes of Sydney ahead of the forthcoming Asia-Pacific Economic Cooperation (APEC) summit.”