] HipMojo.com » Did VCs Overestimate Web Market (again) or Will We Be Eating Dog Food Soon?

Did VCs Overestimate Web Market (again) or Will We Be Eating Dog Food Soon?

I don’t know.  I still think that it’s a great time to start a company, if you actually build a company, and not a “crapstr”.  But seeing all of these VC-backed firms lay folks off right and left makes me wonder:

Either VCs misjudged the opportunity or the economy is about to fall off a cliff and we will all look like citizens in a Mad Max movie, or both.

In the past week, companies have laid off about 23% of their staff (much more if you count companies like Tesla, in fact, see update below), look at this rundown:

Update: I see I am not the only one covering this.  Note to self: start using Google Docs for this kind of stuff!

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Posted By: Ashkan Karbasfrooshan | Oct 17th

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