A Dark And Dismal January For The Tech Sector
I’m tracking the dismal news on all the various blogs. This is the worst month the tech industry has ever seen. The bad news from Microsoft, Intel, IBM is all over TechMeme and TechFuga.
Wake me up when it ends. More later, but today there is some good news, just not enough to stop the tide of bad. A new startup, Plinky, will come out of stealth mode at 1 p.m. (we’ll have a video of that up on FastCompanyTV) and I’m getting around Silicon Valley and San Francisco starting at 9 a.m. at Seesmic, with stops in Mountain View to see something secret, and Sunnyvale. Back to San Francisco tonight for a Fast Company dinner event. Whew!
My heart goes out to all the people who’ve lost their jobs this month. What’s worse is it isn’t over.
Solution? Next week at the World Economic Summit my “Davos Question” is how can we create one million new startups with a failing/failed VC system?
That’s what it will take to repair the damage this month has done to the tech industry and our economy. Yes, the depths of our problems ARE that deep. Got any ideas?