Impending recession: Have you got your bootstraps on?
Mar 21st 2008NiaLLLarkinbootstrapping & bootstraps & funding & howto & recession & seedcamp & survive & venture capital & ycombinator
First the Bad News:
An impending recession means its bad news if you are in geared in deeply with the VCs and need to move rapidly on from trading on your cool new Web2.0-ish-ness to start demonstrating substantial short-term returns on investment.
And now the Good News:
Its good news if you can bootstrap, grow organically and emerge the other side. Where it’ll be a lot quieter. And much easier to get yourself heard. And by corollary good news for the YCombinator and SeedCamp model.
Via VentureBeat.com
Jon Fisher -a board member for several Silicon Valley based start-ups- predicts a “massive wave� of start-up technology company bankruptcies in the next quarters, as they run out of funding, struggle to make money and fail to find acquirers. On the other hand, some think that if companies can make it through the next several months, they’ll be especially well positioned for the ensuing economic recovery, in part because of reduced competition.
Plus ca change.
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