Editor's note: Contributor Ryan Spoon is a Principal at Polaris Venture Partners and focuses on investments in internet, technology and digital media. Thanks in part to the Wall Street Journal's "Web Startups Face Cash Crunch", much has been made about the state of early stage investments and investing. While there is debate as to whether the article is accurate and/or overstated, let's look at how we arrived here:Source: http://feedproxy.google.com/~r/Techcrunch/~3/IL8L-AZ1CJs/
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