Monday, September 29, 2008
Dear Web 2.0: It Is the Economy, Stupid!–Part 2
Before the recent crash-and-burn of the overall U.S. economy, BoomTown went all Cassandra and started talking about the worrisome weak tech stocks at the beginning of September.
Then in mid-September, after listening to the frothy statements at two demo conferences from a series of start-ups, I got even grumpier in a post called “Dear Web 2.0: It’s Still the Economy, Stupid!”
In Greek mythology, Cassandra was given the gift of prophecy, except–due to her rejection of Apollo’s affections–nobody would ever believe her warnings.
Well, this time you might want to believe it–for Silicon Valley, it really is the economy now.
