If you read the article above, it’s not about how the economy affects revenue (there is enough written about that). The article above is about the difficulties and experiences of raising money.

My only other advice is that during times like this, it’s good to build friendships with others in the same boat. Next time you’re in the area, I’d love to buy you lunch, hang out, and learn more about your business.

If you read the article above, it’s not about how the economy affects revenue (there is enough written about that). The article above is about the difficulties and experiences of raising money.

My only other advice is that during times like this, it’s good to build friendships with others in the same boat. Next time you’re in the area, I’d love to buy you lunch, hang out, and learn more about your business.

“Startups in the financial, enterprise, real-estate, or advertising sectors are being hurt worst because customers are cutting back.”

It’s precisely times of upheaval that create the right conditions for new entrants to disrupt markets.

Sure, the sectors you name are being hit hard for companies who have clung to the same old broken business models. Dell was started when the PC industry was at an all time low, but they changed the rules of the game and thrived. It just takes a lot of guts (and a bit of smarts) to identify these opportunities and be willing to invest resources into them.

But please continue to spread as much fear and panic as you can. I’ll have less competitors to worry about, and by the time our sector becomes trendy again we’ll be way ahead of the pack.

“Startups in the financial, enterprise, real-estate, or advertising sectors are being hurt worst because customers are cutting back.”

It’s precisely times of upheaval that create the right conditions for new entrants to disrupt markets.

Sure, the sectors you name are being hit hard for companies who have clung to the same old broken business models. Dell was started when the PC industry was at an all time low, but they changed the rules of the game and thrived. It just takes a lot of guts (and a bit of smarts) to identify these opportunities and be willing to invest resources into them.

But please continue to spread as much fear and panic as you can. I’ll have less competitors to worry about, and by the time our sector becomes trendy again we’ll be way ahead of the pack.

A great article and nothing I can argue with. The US data we have says valuations are taking a hit (anywhere from 25% to 50%!), though I haven’t seen any down rounds on the Angel side of things yet. What I am seeing is stagnant valuations where, even if a company has created a heck of a lot of value, the ‘market for money’ isn’t necessarily recognizing that value. As you say, a tough time to be raising money.

Bryan

A great article and nothing I can argue with. The US data we have says valuations are taking a hit (anywhere from 25% to 50%!), though I haven’t seen any down rounds on the Angel side of things yet. What I am seeing is stagnant valuations where, even if a company has created a heck of a lot of value, the ‘market for money’ isn’t necessarily recognizing that value. As you say, a tough time to be raising money.

Bryan