The End of New Beginnings
December 8, 2008 by Shanker Bakshi
Filed under Blogging Resource
If report from TechCrunch has to believe then 89805 headcounts has been layoff since August 27, 2008. This is due to recession, which also leads to financial crunch and slow down the possibilities of new startups. Founders finding it hard to get the Venture Capitalist fund their new projects.
You may scratch your head, can find some new idea to go with, can dream to pull off your shocks to march ahead but the a big question -is this the right time to cook a whole new business idea? . Your dream may ruin owing to lack of funding, as they (VCs) not willing to flow in fresh cash into new business enterprise right now.
Things are not getting better, yet few predict the same can go along for two years or so. Money is drying and running out of the briefcase of that smart guy who used to carries it with style in Silicon Valley chased up by Blue Shirt Gray trouser young lot of entrepreneurs running before him to throw some money over their dream projects.
We blogger always welcome new startups as it always give us an opportunity to grab a chance to write up paid reviews and make some dollars out of it. Money is shrinking; money is rare, so its become difficult to wash your hands with it easily.
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A lot of these companies waiting around to get bought out by bigger companies need to get a move on. The model isn’t going to work as well this time. They need to start monetizing or prepare for the inevitable.
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shanker bakshi Reply:
December 10th, 2008 at 5:01 pm
First option is better.
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Money is a paper, value created in mind.
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