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Yahoo shuts down Buzz, is the tech startup world in trouble?

Rest in peace, Buzz

After months of anticipation and rumors, Yahoo has announced that as of Thursday, they will no longer support the three year old Yahoo Buzz product which is a social sharing tool that allows readers to rank stories.

Although Yahoo Buzz never quite reached its potential, the web design community is just now getting around to designing quality share buttons for the service, a testament to its slow start and fast death.

Doors keep closing- trouble in the startup world?

Yahoo has already shut down MyBlogLog and Buzz falls in line with other recent announcement of product closures like Flock, Flip and Jott.

Although it feels like more doors are closing than opening these days, we predict that the next two years will be the years of acquisitions- companies will shut down, but not due to failure, rather as an evolutionary move. VC funding is on the rise not only in numbers of startups they are working with but in how much money is being output. The startup world isn’t dead, it’s just changing.

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Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.

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