How will the recession affect Web 2.0?

Analyst: 'Potentially a good time for emerging technologies'

Charlene Li, founder of the Altimeter Group, talks about how Silicon Valley will be affected by the current economic downturn. She says that Web 2.0 companies will face a scarcity of resources and more hardship, and will need to buckle down and focus on new innovations, collaboration, and getting things done.