The crowds at the Web 2.0 Expo seem to have one clear consensus on what they think of this week’s Wall Street meltdown: things are bad, but it’s no time to panic.
Of course, they’re all pretty relieved that the tech industry can’t be blamed for this economic meltdown.
“This is a very good time to start up a company,” investor David Rose of the New York Angels firm said in a panel called Starting Up in Silicon Alley. “Despite the calamities that are going on outside, the world is not coming to an end.”
The current financial crisis is less than a week old, after all, so the outcome is less than certain. Most of the conference crowd chose to be cautiously optimistic.
