Paul Carr just enjoys writing controversial headlines to stir up the pot. I think his statements are just as valid for many Web 2.0 businesses frankly, around

Paul Carr just enjoys writing controversial headlines to stir up the pot. I think his statements are just as valid for many Web 2.0 businesses frankly, around the world, not just London. Things that aren't successful will naturally die. There are no shortages of businesses here in the UK and across Europe that are doing well and getting funded accordingly. Of course the volume overall is lower than Silicon Valley but that doesn't mean thing here are much different than elsewhere in the world.