Search engine Lycos isn't gone, but it is forgotten. It vanished from our collective consciousness not long after making hyped acquisitions of companies like Tripod, Angelfire, and Wired Digital. Cofounder Bob Davis was there to watch it go. Now he's a venture capitalist. The bad news? As the M&A market slows to 2003 levels, Davis tells BoomTown we've already entered the second recession of his career. The good news? It's not going to be nearly so bad as last time. "Today, entrepreneurs and surely VCs are saying, there has to be some sense of metrics, there has to be something."