Who’s making money?

Recently the flurry of location focussed or influenced startups seems to have slowed down. I can’t think of many in the UK in 2009 and the story across the pond sounds similar (that should prompt a flurry of corrections)

I wonder if that is because of a slow down in innovative ideas, caution on the part of investors or concern on the part of geoentrepreneurs about there ability to be sustainable? How many location centric startups are generating material revenues let alone covering costs? Surely advertising is not enough with falling rates etc? How long can startups and their finders hang in there waiting for revenues to materialise?

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