Comments on: Did All These Fledgling Video Startups Not Get the Memo About the Crappy Economy?

By: Grok

Grok — Wed, 17 Dec 2008 17:07:32 +0000

There was a memo?

By: Dennis

Dennis — Mon, 15 Dec 2008 20:45:18 +0000

I agree with Shawn and would even take it one step further...entrepreneurs by nature are less intimidated by risk and change than most (may be a generalization but, for the most part, I believe it is true).

If someone founds a company and can interest an investor enough to raise capital during these times, they have as good a shot as anyone else in this landscape to weather the storm.

By: gkoya » links for 2008-12-12

gkoya » links for 2008-12-12 — Sat, 13 Dec 2008 00:33:24 +0000

[...] Did All These Fledgling Video Startups Not Get the Memo About the Crappy Economy? « NewTeeVee "With the global economy in tatters, what are entrepreneurs to do? Stop believing in themselves? Never!" (tags: startup newteevee) [...]

By: Shawn Kahandaliyanage

Shawn Kahandaliyanage — Fri, 12 Dec 2008 15:18:39 +0000

Here's a couple of good reasons to be starting a company now, assuming you can find the money to do it: 1) With the tech sector shedding jobs, there are lots of very talented people looking for work. In good times, many of these would be snapped up by larger top-tier tech companies.

2) Fewer emerging competitors means that start-ups can focus a little further out and build products and services that can really rock as the economy turns around. We're a bit less fearful about being beaten to the punch as we would be if we things were really hot and competitors were everywhere.

Is it risky? Of course. But entrepreneurs want to build things, and that isn't going to change just because the economy is in the tank. It's not like it's the apocalypse. There is no basis for saying some of these guys should pull out of the game. We'll only be able to judge that with hindsight (which is still pretty useless). Any one of the companies you mentioned here might evolve to be a huge player in future.

Shawn

By: Neno Brown

Neno Brown — Fri, 12 Dec 2008 14:18:56 +0000

You have to harness the power of fear, because ultimatly there is nothing to fear except fear itself.

This financial enviroment; is where you unleash your not so tame inner Tiger, and let it scare everybody else.

You have to be like a lonely wild Boar searching for truffles, if Dennis and Abigail have truffles, i'll unleash the tiger and take their truffles.

That's the way it iz, in showBiz..........

By: Abigail

Abigail — Fri, 12 Dec 2008 13:19:27 +0000

It's good to leave the pity party for the big guys behind (for a moment!) and take a naked look at the tremendously challenging landscape facing entrepreneurs. One thing to note is that many of these startups first hatched their plans and models before the sudden collapse of everything. We were all ready for hard times, but no-one thought they could be so precipitous and so drastic. I have my fingers crossed for all the industries and players that can hold their own through creativity/innovation, chutzpah, and — yes — good luck.

By: Dennis

Dennis — Fri, 12 Dec 2008 08:22:44 +0000

The economy maybe extremely bleak, but sometimes that's the best time to start something new. That's what I'm doing and hope other people in the online video industry are doing the same thing.

Now please excuse me while I go back to writing, producing, shooting, editing, website designing, researching, emailing, phone calling, marketing, and eating spaghetti and instant noodles for breakfast, lunch, and dinner. :)