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One early sign of trouble got here final yr, actually, with the shuttering of the tech weblog Gigaom, a failure that The New York Instances said portended a flurry of contractions” It is a very dangerous time,” Gigaom founder Om Malik advised the paper, before promptly joining a far safer enterprise: a VC agency, True Ventures, that believes in building neighborhood” and taking daring risks”—just not at media web sites.