> 8. Venture capital blues: Expect both fundraising and investing to remain flat. While some firms will thrive, there's still an ongoing shakeout in this industry as the number of partners will continue to dwindle and returns will remain poor.

Huh? Is he in the same economy as me? Or is he deliberately excluding angel and other forms of seed I vesting, which are becoming an ever-increasing source of venture funding?

The big story here is that on the VC side there is a supply problem: meaning companies need less money. Valuations are going up as the money in the system competes for deals. An awful lot of companies can get profitable or acquired on seed investing alone.

As for Bartz going, it should happen and he's right why: she can't articulate what Yahoo is about.

Google buying Twitter? I doubt it. Not because Google doesn't want it but because Evan Williams has already sold Blogger to Google so a) he doesn't need the money and b) it didn't go that great. Twitter is hitting for the fences.

I can't see Facebook hitting 1 billion users this year. Facebook has the best of problems: it's running out of people to add to its service.

Tech IPOs: because of Sarbanes-Oxley and other factors the tech IPO in the US is basically dead except for the very biggest of companies. He contends none of these will IPO this year. I tend to agree. Typically you have 6+ months warning (through the rumor mill if nothing else) about a bi IPO, particularly with all the auditing required, so we're already running out of 2011 for that.