Given the recession, it’s probably reasonable for us to now start talking about the “end of Web 2.0.”

I’m not talking about the end of innovations (e.g., community) that have been lumped under that heading. Rather I’m talking about the closing of most of the companies that populate this site.

I previously argued that only a fraction of the businesses represented by the logos above would survive in a recession and the site would effectively become the “Web2.0 graveyard.” I’m not hoping for any startup’s failure; I just think the money is drying up and, as with the “dot-com crash” of 2001, we’re going to see lots of them.

Along those lines, Om Malik and Venture Beat report on the Sequoia Capital “RIP: Good Times” meeting for its portfolio CEOs. (The slides are on Venture Beat for those that want them.)

Scary stuff: the panicked selling on markets all over the world is turning fears of a global recession a self-fulfilling prophecy.

But what about Local? I have my own ideas about how the next 12 months may unfold (consolidation is one theme) but what do you folks think is going to happen to “the local ecosystem”?

Will we see:

The demise of all local startups without meaningful cash flow?

Acquisitions of many weakened smaller players by larger ones?

Consolidation or mergers among YP publishers out of necessity?

Newspapers: will many of them be going bankrupt?

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