Down in the Valley

Wow... Ning was valued at 500 million??? That's 1/30th of facebook. Since Yonkly.com is to Twitter what Ning is to facebook then we can figure out the value Yonkly if we know the value of twitter... Does that logic make sense?

I also wonder how much does ning make in revenue???

Wow... Ning was valued at 500 million??? That's 1/30th of facebook. Since Yonkly.com is to Twitter what Ning is to facebook then we can figure out the value Yonkly if we know the value of twitter... Does that logic make sense?

I also wonder how much does ning make in revenue???

All he presents as evidence is a couple of quotes about being prepared. Is he even in the valley? Busted, I am, and there are not particulary any effects of the economy. People still drive their beemers and mercedes. It's a great storyline though for the liberal media. Gotta make sure everyone is scared of the economy. Maybe you CAN get your candidate elected!

The article title and the content are misleading. I guess that is way to attract stupid people to read this useless article. THese companies constitute a very minor percent of silicon valley. I don't think silicon valley is based on these few startups. Silicon valley is all about Cisco,HP,Intel,Juniper,Yahoo,Google..Not these minor companies that contributes very little value to the economy here.

Didn't they have their slowdown in 2000?
The Nasdaq when it was 2500 was down 50% from Year 2000. It is good that these two engines are running separately. Probably, this is a good chance for silicon valley to recover as most of the money had been going into financials in the past 8 years.

I think that less of these idiotic Facebook and other social networking sites is a good thing. I think people waste too much time on virtual social networking and not enough time doing some real face to face social networking. I hope that lots of these lamebrained dot com companies go bust. I for one am sick and tired of being marketed relentlessly on websites. Maybe then peole will get a grip on reality instead of virtual reality.

This link of a CSPAN video clip may help set the context, as these hearings were at the time of McCains attempt at S.190.

http://www.youtube.com/watch?v=_MGT_cSi7Rs

"Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis"

This is no surprise to me. As the owner of a startup that is not an "Internet" or "web 2.0" player, we have found getting any type of funding (angel or other) impossible. We actually make a "product" that helps other companies sell their products, but people's minds are set that the only way to make money or to sell something is on the Internet. I can only hope that private investors now rethink their business priorities and start to help companies that make money the old-fashioned way - by making an actual product. We're in survival mode waiting to an angel to save us!