Sunday, February 15, 2009

Here is me being all wrong about the magnitude of our current depression back in March and its effect on high-tech startups...

I told Wired that I thought the recession would last a few quarters - and that investors wouldn't get cold feet back in March 2008.

I guess I was wrong..., from the Wall Street Journal on Feb 12:

More Tech Start-Ups Call It Quits
"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."

To my credit I thought that the problems may not be as severe in the "Green" sectors - and that still may be true..

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