Financing Web 2.0 on the Cheap

The NYT covers the ground on the by now often-told story of the decreasing cost of starting up on the Web, and how VCs are adapting to new realities. Notable fact: increasingly, the MSM is going to visible bloggers to report on these stories. Time after time, it’s the Kedroskys and Batelles of the world who are the go-to guys in Web 2.0 for the mainstream media.