Comments on: How to Build a Financial Crisis-Proof Business http://gigaom.com/2008/09/27/6-ways-to-build-a-financial-crisis-proof-business/ Trusted Insights and Conversations on the Next Wave of Technology Wed, 25 Nov 2009 09:35:15 +0000 http://wordpress.com/ hourly 1 By: Jeremy Horn http://gigaom.com/2008/09/27/6-ways-to-build-a-financial-crisis-proof-business/#comment-902781 Jeremy Horn Fri, 03 Oct 2008 19:06:34 +0000 http://gigaom.com/?p=22331#comment-902781 <p>I would also add that for those thinking that they will need to raise VC money in the near future, they may be best served focusing on the friends-and-family, as well as angel financing. As the credit markets tighten, VC's are more likely to double-down on existing investments, rather than taking on new risks.</p> <p>I am also including this in my reader's Weekend Reading...</p> <p>http://tpgblog.com/2008/10/03/the-product-guys-weekend-reading-october-3-2008/</p> <p>Jeremy Horn The Product Guy http://tpgblog.com</p> I would also add that for those thinking that they will need to raise VC money in the near future, they may be best served focusing on the friends-and-family, as well as angel financing. As the credit markets tighten, VC’s are more likely to double-down on existing investments, rather than taking on new risks.

I am also including this in my reader’s Weekend Reading…

http://tpgblog.com/2008/10/03/the-product-guys-weekend-reading-october-3-2008/

Jeremy Horn The Product Guy http://tpgblog.com

]]> By: The Product Guy’s Weekend Reading (October 3, 2008) « The Product Guy http://gigaom.com/2008/09/27/6-ways-to-build-a-financial-crisis-proof-business/#comment-902775 The Product Guy’s Weekend Reading (October 3, 2008) « The Product Guy Fri, 03 Oct 2008 17:55:54 +0000 http://gigaom.com/?p=22331#comment-902775 <p>[...] your weekend enjoyment, are some highlights from my recent reading, for you. On Starting Up… http://gigaom.com/2008/09/27/6-ways-to-build-a-financial-crisis-proof-business/ Tips for protecting your business in an ever tightening credit [...]</p> [...] your weekend enjoyment, are some highlights from my recent reading, for you. On Starting Up… http://gigaom.com/2008/09/27/6-ways-to-build-a-financial-crisis-proof-business/ Tips for protecting your business in an ever tightening credit [...]

]]> By: PatrickC http://gigaom.com/2008/09/27/6-ways-to-build-a-financial-crisis-proof-business/#comment-902122 PatrickC Mon, 29 Sep 2008 17:15:41 +0000 http://gigaom.com/?p=22331#comment-902122 <p>I still believe the best strategy is to not get in debt(or lose ownership) if you don't have to. If you can grow your business without VC/Angel money, that is by far the best way to go.</p> <p>If it takes 5 years instead of 2 years to be where you want to be, then so be it. The problem with the American economy today, which we are seeing right now, is people wanting big things right away. People want things they cannot afford and assume things will work out for the best as if they have the ability to predict the future(i.e. interest only & adjustable rate mortgages, too much house, too much car, etc).</p> <p>I have a startup, and we've been in business for about 4 months, and we're already profitable. At first you want VC money because things are really hard and you don't see a way to succeed without it. But we just tried our best, worked our hardest (and went to sleep at 4am on many occasions)...and we're starting to see the signs of really positive things to come.</p> <p>And there is no feeling like actually making money that is not owed to someone else. More importantly, it feels great having 100% control of your "baby"!</p> <p>I do realize a lot of startups and ideas require expensive infrastructure, employees, etc, but I think there is a good number of startups that don't need these things.</p> I still believe the best strategy is to not get in debt(or lose ownership) if you don’t have to. If you can grow your business without VC/Angel money, that is by far the best way to go.

If it takes 5 years instead of 2 years to be where you want to be, then so be it. The problem with the American economy today, which we are seeing right now, is people wanting big things right away. People want things they cannot afford and assume things will work out for the best as if they have the ability to predict the future(i.e. interest only & adjustable rate mortgages, too much house, too much car, etc).

I have a startup, and we’ve been in business for about 4 months, and we’re already profitable. At first you want VC money because things are really hard and you don’t see a way to succeed without it. But we just tried our best, worked our hardest (and went to sleep at 4am on many occasions)…and we’re starting to see the signs of really positive things to come.

And there is no feeling like actually making money that is not owed to someone else. More importantly, it feels great having 100% control of your “baby”!

I do realize a lot of startups and ideas require expensive infrastructure, employees, etc, but I think there is a good number of startups that don’t need these things.

]]> By: 5 Tips Towards Building a Crisis-Proof Business | KillerBlog http://gigaom.com/2008/09/27/6-ways-to-build-a-financial-crisis-proof-business/#comment-902118 5 Tips Towards Building a Crisis-Proof Business | KillerBlog Mon, 29 Sep 2008 17:02:30 +0000 http://gigaom.com/?p=22331#comment-902118 <p>[...] How to Build a Financial Crisis-Proof Business [...]</p> [...] How to Build a Financial Crisis-Proof Business [...]

]]> By: Jason Vu http://gigaom.com/2008/09/27/6-ways-to-build-a-financial-crisis-proof-business/#comment-901882 Jason Vu Sun, 28 Sep 2008 07:44:40 +0000 http://gigaom.com/?p=22331#comment-901882 <p>Thanks for the advice. Cash flow is still top priority, even for startups</p> Thanks for the advice. Cash flow is still top priority, even for startups

]]> By: Mark MacLeod http://gigaom.com/2008/09/27/6-ways-to-build-a-financial-crisis-proof-business/#comment-901817 Mark MacLeod Sat, 27 Sep 2008 18:43:19 +0000 http://gigaom.com/?p=22331#comment-901817 <p>Carleen,</p> <p>These are all good points that should be factored into a statup's strategy at all times and not just during crises like the current one.</p> <p>Also, these points are still largely focused on exits or funding. While still driving your business forward and creating value, in the current climate you need to be thinking about stretching cash or building a sustainable business, so that you don't need an exit or funding.</p> <p>Here are my tips for startups during these times: http://startupcfo.ca/2008/09/lehman-brothers-and-your-startup.html</p> <p>http://startupcfo.ca/2008/03/how-to-save-money.html</p> <p>Mark</p> Carleen,

These are all good points that should be factored into a statup’s strategy at all times and not just during crises like the current one.

Also, these points are still largely focused on exits or funding. While still driving your business forward and creating value, in the current climate you need to be thinking about stretching cash or building a sustainable business, so that you don’t need an exit or funding.

Here are my tips for startups during these times: http://startupcfo.ca/2008/09/lehman-brothers-and-your-startup.html

http://startupcfo.ca/2008/03/how-to-save-money.html

Mark

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