<?xml version="1.0" encoding="UTF-8"?>
<!-- generator="wordpress/2.1.3" -->
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	>

<channel>
	<title>HipMojo.com</title>
	<link>http://watchmojo.com/web/blog</link>
	<description>Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&#038;A, Financing, VCs</description>
	<pubDate>Sat, 21 Nov 2009 21:40:57 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.1.3</generator>
	<language>en</language>
			<item>
		<title>Did VCs Overestimate Web Market (again) or Will We Be Eating Dog Food Soon?</title>
		<link>http://watchmojo.com/web/blog/index.php/2008/10/17/did-vcs-overestimate-web-market-again-or-will-we-be-eating-dog-food-soon/</link>
		<comments>http://watchmojo.com/web/blog/index.php/2008/10/17/did-vcs-overestimate-web-market-again-or-will-we-be-eating-dog-food-soon/#comments</comments>
		<pubDate>Fri, 17 Oct 2008 19:35:17 +0000</pubDate>
		<dc:creator>Ashkan Karbasfrooshan</dc:creator>
		
		<category><![CDATA[Internet &#038; Web]]></category>

		<category><![CDATA[Startups]]></category>

		<category><![CDATA[Financing]]></category>

		<category><![CDATA[Management]]></category>

		<category><![CDATA[Entrepreneurship]]></category>
<category>Entrepreneurship</category><category>Financing</category><category>Internet &amp;#038; Web</category><category>Management</category><category>Startups</category><category>Uncategorized</category>
		<guid isPermaLink="false">http://watchmojo.com/web/blog/index.php/2008/10/17/did-vcs-overestimate-web-market-again-or-will-we-be-eating-dog-food-soon/</guid>
		<description><![CDATA[I don&#8217;t know.  I still think that it&#8217;s a great time to start a company, if you actually build a company, and not a &#8220;crapstr&#8221;.  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 [...]]]></description>
			<content:encoded><![CDATA[<p>I don&#8217;t know.  I still think that it&#8217;s a <a href="http://www.paulgraham.com/badeconomy.html" target="_blank">great time to start a company</a>, if you actually build a company, and not a &#8220;crapstr&#8221;.  But seeing all of these VC-backed firms lay folks off right and left makes me wonder:</p>
<p>Either VCs misjudged the opportunity or the economy is about to fall off a cliff and we will all look like citizens in a <a href="http://en.wikipedia.org/wiki/Mad_Max" target="_blank">Mad Max movie</a>, or both.</p>
<p>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:</p>
<p><img src="http://watchmojo.com/blogs/images/layoffs.jpg" /></p>
<p><a href="http://www.techcrunch.com/2008/10/17/keeping-count-the-techcrunch-layoff-tracker/" target="_blank">Update: I see I am not the only one covering this</a>.  Note to self: start using Google Docs for this kind of stuff!</p>
]]></content:encoded>
			<wfw:commentRss>http://watchmojo.com/web/blog/index.php/2008/10/17/did-vcs-overestimate-web-market-again-or-will-we-be-eating-dog-food-soon/feed/</wfw:commentRss>
		</item>
	</channel>
</rss>
