With the elections behind us, Wall Street's bears returned to form by dumping stocks in a big way on Wednesday and Thursday. Out in San Francisco, another tech conference devoted to all things Web 2.0-ish got under way amid dread about the future. And Cisco's John Chambers cast a further pall when he warned that a sales slowdown has spread from the U.S. to Europe, Asia, and the emerging markets.
On the surface, none of this is encouraging news for the near-term prospects of start-ups, which are the lifeblood of the tech business. So it … Read more