Rut-Roh-Scooby-Doo in Chart Form: Start-ups Start Stopping
Thu, Feb 12th, 2009
Here’s a chart from a not-entirely-unexpected story in The Wall Street Journal today, chronicling how the "deepening recession is speeding up the shakeout in Silicon Valley, forcing droves of start-ups to shut down or sell themselves at fire-sale prices."
You knew that was coming, didn’t you?
No really well-known Web 2.0 shooting stars are in the piece, although it really feels like a long time from when BoomTown penned a piece in September, titled "Dear Web 2.0: It’s Still the Economy, Stupid!".
It still is and here is a not-so-lovely pair of charts to show you why:
Have different ideas? Please tell us.
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