Usually faux blogs get lambasted on the blogosphere for violating the unwritten business blogging rules of transparency, openness, and authenticity. (Remember Raging Cow?) Not so with “Fake Steve Jobs,” aka Forbes columnist Daniel Lyons, who gave a hilarious speech at the Web 2.0 Expo last Friday. The 25-minute video is embedded below:

Lyons’ main points about his successful blog are:

• It’s material he’s excited about
• He has fun writing on FSJ
• He embraces audience participation
• The mystique behind FSJ’s identity helped build the blog’s readership

Lyons covers three “Whys” behind the Fake Steve Jobs blog: why he got into blogging (fear and boredom), why he chose Steve Jobs (he’s narcissistic, Apple has bad PR, and Apple fans tend to be so, well, fanatic), and why it works (it’s the audience!). When he first learned of successful business blogs like Jonathan Schwartz’ at Sun Microsystems, Lyons thought it was a great idea. But what if one of those blogging CEOs went crazy and posted all kinds of un-photogenic, not-approved-by-PR material? Thus Fake Steve was born, and readers found it interesting. He had 90,000 monthly readers within 6 months of launch.

“I think what’s happening in media is profound and interesting. This thing [Fake Steve Jobs] is all very wrong, obviously very stupid and primitive, right? But it’s a great way to learn about how new media might work. I think the biggest change we’re going to have is the involvement of the audience. Where Internet media is going to get interesting is when we start really exploiting the uniqueness in it rather than paving a cowpath. First generation Forbes.com was, take the print magazine and put it online. Hulu was take TV shows and put them online. But when we start involving the audience, and having people form a group to entertain themselves, I think that’s going to get really interesting.”