Predictions are getting really bleak
From a meeting organized by Sequoia for its startups:
Upin, who knows a thing or two about money and markets, told the room that we are in the beginning of a long cycle, what he called a ?secular bear market.? This could be a 15-year problem, he said. This comment was accompanied by many slides that showed historical charts of previous recessions averaging 17-year cycles. He pointed out that the issue here is not the equity markets but the credit market, and that will take a long time to recover. He was ominous in warning the startups that this is a global issue, it is not a normal time, and is a significant risk not just to growth but to personal wealth.
As reported by gigaom.
Some depressing, but maybe inspiring advice for startups follows.
Comments(1)
This is not depressing advice. If you’re a true entrepreneur, this is when you smell blood of competitors. If you have a viable business model, you’re going to be able to pick off good talent, negotiate better deal from vendors, and outlast the competition.