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Nuclear Winter for Tech Startups? Not if You're Open Source

Nov 14, 2008, 21:33 (0 Talkback[s])
(Other stories by Bill Snyder)

"What do we notice? These young companies are largely engaged in selling Web 2.0 technologies to consumers. (Tesla, of course, is a maker of electric cars.) They certainly use open source technology (who doesn't these days?), but as far as I can tell, they are not engaged in distributing open source applications or infrastructure.

"One reason Web 2.0 companies and those focused on SaaS (software as a service) are taking hits is the sheer number of startups funded in the last few years. Analyst Trip Chowdhry of Global Equities says there were more than 900 such companies funded in the last few years. "There are more companies than customers," he says."

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