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Paul Boag Posted by: Paul Boag On Monday, 21st November, 2011 2.0.

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Gary is spot on. I am sorry to say we are seeing history repeating itself with bad business plans buoyed up on venture capital and fickle advertising revenue.

This is something I have written about for a long time and the longer that passes the more worried I become. You may argue that I have been banging on about it for so long that surely it proves my fears will never happen. Possibly, but with the state of the global economy I wouldn’t want to be working in the Valley right now.

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