I have to say that this post from the Wall Street Journal is a bit off. It’s a pile on of Silicon Valley. Believe me I would be the first to say it but Silicon Valley is fine. I do find the messaging about deep cuts to be silly and a bit babyish. However this problem is deeper elsewhere and the gloom is everywhere. I don’t see Silicon Valley as bad as it was before. I think everyone is using this to save face on this bad investments. I can here the echos now in the boardroom “sorry boys… have to shut you down…bad economy..”
This WSJ post should be changed to the title to Gloom in Venture Land to Gloom Everywhere. (an aside when I saw the WSJ post I looked to see if it was that writer Jessica Vascellaro who was involved in that idiotic Cyprus Camp – I can’t believe she still works there.. if she was a blogger like Sarah Lacy I’d say no big deal but the WSJ – wtf)
Question: would google be successful if forced to cut back and become what was the prescription in 1999-2000?
Remember: back then the conventional wisdom was “no money in search it’s all about Portals”… enough said.
.. Good companies win and bad companies lose…