[ChuckMcM]

"The web sure is a stable place."

This is an interesting variation on this round's "boomlet". So in the previous dot.com boom there were lots of companies who didn't have revenue so they appeared, until the cash ran out and then fell back to earth. Now we can start a company with much less money, but they go poof in an aquihire when things go squishy.

So was it a pricing issue? or a customer acquisition issue? How is it that so many of these companies get into this squeeze? Is it a chicken -/- egg thing where you can't price it to be self sustaining until you get critical mass? Or is it that Amazon, Google, and Microsoft are just sucking all the oxygen out of this space?