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Those without a solid business plan, who need more VC, or those without VC who will fall. That many existing startups will fail anyway is a given, the economic crisis only hastens their decline, but it’s the cash crisis that has killed the bubble. It’s the fact that many new companies simply won’t be able to find funding, to replace those who fail along the way.
It was scary,” one Sequoia-backed chief executive told us about the Sequoia meeting, attended by scores of chief executives. It lasted several hours, and the message was bleak. The speakers and presentation were to be kept confidential. Things could get a lot worse than people think, and it will be a “more protracted downturn,” Sequoia partners told its companies. “They were not fear-mongering,” one chief executive told us. “They were smart speakers. Sequoia runs on specifics, they’re very data driven.
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USATaxDollars - See Your Tax Dollars at Work
Ever wonder how the Federal Government spends all those taxes they take out of your paycheck? Find out!
The bottom line is simple - if we want NYC to kick ass in the world’s tech community, we have to stop favoring a few “friends” and let everyone get time on stage.
CrunchGear » Archive » Review: Samsung SC-MX20 digital memory camcorder
A digital HD camcorder for less than $250! Damnit!
Amazing Tilt-Shift Time-Lapse Videos by Keith Loutit |
Laughing Squid
We really look like ants here…