Quote of the Day

“While I anticipated and prepared for the ‘internet winter’ we’re now facing (you’ve read my posts and e-mails about the startup depression
I’m sure), I failed to realize how bad the situation would get. It’s
much worse than I thought it would be, and ignoring market conditions
today would only mean deeper cuts down the road.”
–Jason Calcanis, blogging (!) about laying off 10% of the Mahalo staff and the cash that will provide.