My optimistic view says that we will see heaps of innovation and new companies emerge from all of the smart tech workers across the industry who are choosing to leave or are being made redundant.
If they can get funding, which is not easy to come by. Was speaking with someone working at one of the top 5 VC's and they are yet to fund a new company this year. Most of the work is dealing with those already in trouble or working with companies in later funding rounds.