Enterprise IT startups feeling pain…though virtualization, wireless holding up, VC says

Had a chat yesterday with Justin Perreault, general partner with Commonwealth Capital Ventures. Says it took a while for his firm’s investments to start seeing economic impact, but it’s starting to happen and the startups’ CEOs are trying to get out in front of things. He says virtualization projects are still going forward, though the buying process is getting stretched, and that mobile enteprise efforts are also still happening.