Silicon Valley News

Friday, February 27, 2009

Editor's Choice: Silicon Valley feeling the recession pain

Analysts and venture capitalists expect the pace of tech firms that shutdown in Silicon Valley to accelerate this year, reports Reuters. Venture capital funding across the country fell 71 percent in the fourth quarter of 2008. However, investments haven't completely dried up. Many of Silicon Valley's venture capitalists and chief executives will soon gather near Palm Springs for Demo.Com, a conference that promotes new products and technology. Watch video clips of last year's event below: