Turbulent Times For Start Ups?
With all the articles I am reading right now, everything tells us that the whole world is in uncertain times. The economy is contracting, people are being laid off.
I hear about Venture Capital companies telling their partners to conserve cash, as it will be difficult to raise future funds. So more layoffs happen, and VC’s get less money to invest or invest in later stage companies.
How I see it is this is an opportunity. An opportunity for businesses to grow lean and mean right from the bottom up. Only spend a dollar if it makes sense and not a penny more. My businesses were all grown with this in mind and have helped me be profitable from day 1 with minimal cash outlay. Jigantus.com will be the same way. If we build from the ground up with this in mind, we will outlast anyone.
With less being funded out there and others cowering in a corner, we go forth and build something that makes sense, is useful and beneficial to all. I see it as a time to gain on the competition.
Onwards.
Tags: investment, vc