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Monday, October 20th, 2008
The other reason startups need to tighten their belt
in: Exit strategy, Funding, Startups
By now, you’ve probably heard about the grim tidings from VC meetings this month. If you haven’t, well, let’s just say your investors would like a word. In the wake of economic collapse, founders and CEOs are being told to reel in spending and prepare for the worst. There are two obvious reasons to do this: Less funding and lower revenues. But it’s the third, less talked-about reason that should really make you worry. Update: Stacey at GigaOm has a great piece on this, looking at some hard numbers. Read more…
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