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Xconomy’s Bruce Bigelow attended a panel discussion of entrepreneurs in the software industry this week, and came away with an interesting take on the state of venture capital in this horrible economy.

Last week I wrote about those who feel that the venture capital industry is at a crossroads, and may never return to its glory days of the 1990s.

Yet Bigelow’s sense from the speakers at the event put on by the San Diego Software Industry Council was that the road has always been bumpy for the startup trying to make it big with the next killer app.

DAVID WASHBURN

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