Tuesday, September 23rd, 2008

The opposite of startup: Observations from a remarkable week in New York

in: Anticipate, Create, Funding, Startups

I was in New York for an historic week. While in the city for three conferences and a weekend of R&R, I saw firsthand some of the changes that are happening to the financial markets. It’s no hyperbole to say that the past few days will shape the next century for much of the Western world, and they are the result of a free-market experiment gone horribly wrong.

Normally, I try to keep this blog focused on startups. But I wanted to share some of what I saw while there; I believe it holds some important lessons for entrepreneurs as well as a few guidelines for how to run your businesses in the coming drought.

On my arrival last week, I walked past Lehman Brothers mid-meltdown. Town cars were parked three deep, and suited executives with confidence-inspiring grey hair fled the guarded doors into the safe embrace of stretch Lincolns.

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