The Series A crunch is hitting now. Have we even noticed?

pandodaily.com

At most, we’ll see more stories like Erin Griffith’s this morning on the social travel space when eagle-eyed reporters follow up on a funding announcement they covered months ago, only to see a vague landing page about a much-needed vacation has taken the company’s place. I recently went to a networking event for one of the seed funds that invested in PandoDaily, and I’ve never seen such worry on the faces of the entrepreneurs. Networking is for losers.