a small place for quick brain dumps. I am a geek at heart and you might encounter weird posts during my blogging..
Startup in these tough times...
Posted Oct 10th, 2008 at 03:00 PM by Ansoon
So the economy is going down.. the sky is falling and Google stocks are going down fast...
what this all mean to those who are trying to create a meaningful startup?
it means that we need to have the ability to burn through our existing cash pile very very carefully. It is going to be tough to get big clients to spend like they used to we need to tighten our belts.
I have been thinking of how to proceed with our next 6 month planning to ride through this tough wave. Contracts will get hard to get, big companies are putting a lot of their projects on hold to maximize cash in hand..
so i think this is a perfect time to work on our own products.. something that we will be able to launch at the end of 6 months and utilize our time sitting around into building something productive..
what this all mean to those who are trying to create a meaningful startup?
it means that we need to have the ability to burn through our existing cash pile very very carefully. It is going to be tough to get big clients to spend like they used to we need to tighten our belts.
I have been thinking of how to proceed with our next 6 month planning to ride through this tough wave. Contracts will get hard to get, big companies are putting a lot of their projects on hold to maximize cash in hand..
so i think this is a perfect time to work on our own products.. something that we will be able to launch at the end of 6 months and utilize our time sitting around into building something productive..
Total Comments 2
Comments
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You know some experts say that this is the time to do that. The hiring of really good talent is cheaper too in this market. I think Doony Deutche had a program just on thatPosted Oct 10th, 2008 at 03:10 PM by Ask99
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In tech, the startups get their money from VC, not from banks or investment funds, so getting money isn't going to be the real problem. The real problem will be to actually find buyers for your new best things, as people tend to shop less when they fear their jobs/houses etc are at risk.Posted Oct 10th, 2008 at 04:15 PM by ahmadjee
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