Rut-Roh-Scooby-Doo in Chart Form: Start-Ups Start Stopping
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: