CrunchBase Data Rocks. Too Bad The Q1 Numbers Suck. Our Report
We’re all glad Q1 is behind us. Silicon Valley and the start-up ecosystem certainly was not immune to the general economic malaise. The TechCrunch sweet spot, early-stage start-ups, was particularly hurt. The number of start-ups getting started was down 65% vs Q1 2008. We saw just 184 new start-ups formed, down from 546 in 1Q 2008. Start-Ups Founded: January 2008 – March 2009 Source: CrunchBase Early-stage start-ups are working hard to do more with less. The average number of…
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