With all the buzz, it's actually not easy to define Web 2.0. But, interestingly enough, we are now hearing about Web 3.0.

What does it mean? Well, I'm not sure.

Despite this, get ready for it. In fact, a new entrant will soon hit the market: Twine.

To get things going, the company's parent – Radar Networks – has snagged $13 million in venture capital. The investors include: Velocity Interactive Group, Draper Fisher Jurvetson and Vulcan Capital.

Twine calls Web 3.0 the "Semantic Web."

Huh?

Think of it as a place to store, discover and share information – along with many others who have similar interests. Essentially, Twine has a super-smart artificial intelligence that helps with the process (basically, it learns from user behavior).

The company plans to have both free and premium versions (the latter will allow for tons of storage). I think it will take time for people to get comfortable with such a new approach, but as the Web increasingly becomes an unmanageable sea of data, services like Twine should be big beneficiaries.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates DealProfiles.com.