Reports Gigaom.

I had no idea they didn’t.  For once I agree with the labels.

If it happens it should be a boost to faster penetration of new mediums and formats (e.g. Pandora over 3G straight to your car radio).

Says GigaOM.

It’s not that they have less money so much as they’re repurposing it to getting their later-stage companies past the crisis (there is no exit market right now).