Two items of note:
“Many startups are starting to fold.” He contends that “almost every” VC funded open-source company is struggling and will run out of funds within the next 6 months. He also says that “many VC funded Web 2.0 companies are shutting down … the Web 2.0 fad is now coming to an end.” He has a similarly dark view on the prospects for software as a service start-ups.
Emphasis added by me.
Yep, the Internet is going to start becoming a poorer place. Entire vast sites will begin to just disappear.
And then there's this hell:
Apple, he says, is going to start selling iPhones via Costco at $149 starting in January.
Wait. What? That makes no sense. If he said it was the iPod Touch, I could believe it.