WSJ: More Tech Start-Ups Call It Quits
The last thing we want to do is add to the doom and gloom, but we found this article compelling because it is a good summary of the challenges that an emerging market such as SaaS faces when most of the market entrants are early stage companies and the economy is not in a cooperative mood. Granted, a fair share of the startups that are winding down aren’t core to the future of technology (how many Twitter-esque services do we really need?), but a number of truly innovative companies are shutting their doors, stripping operations to the absolute core and simply surviving, or seeking bigger fish to gobble them up for pennies on the dollar. While it’s true that every market eventually matures and goes through a period of shakeout and consolidation, the credit lockdown has forced some capital-intensive and highly compelling concepts to fade before their true promise could be unleashed…and that only sets us back in the grand scheme of things.
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