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One early signal of trouble came last yr, truly, with the shuttering of the tech weblog Gigaom, a failure that The New York Instances mentioned portended a flurry of contractions” It is a very harmful time,” Gigaom founder Om Malik instructed the paper, earlier than promptly joining a far safer enterprise: a VC agency, True Ventures, that believes in building community” and taking daring risks”—simply not at media web sites.
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