Starting with a post by Jason Calacanis we see that the hangover of our overinflated economy is starting to impact the lifeblood of innovation in our culture, the startup. I suspect things will get a bit worse until they get better but some of the best innovations of our time in business models and products have been borne of grim economic realities. Regardless if you’re in a start-up or not there are some important things to consider.
If you’re a startup it’s time to give up the bread and circuses approach to running the business. Provable revenues matter more that share right now and leveraging technology, frugality, and business acumen to get to them quickly are more important than ever. There’s still a lot of capital in private hands right now that is looking for a great place to be. If you can demonstrate that you’re a good place for that exciting things can happen.
If your a service based company or a larger company think about what kind of services can you provide that can help startups overcome many of the obstacles they face in technology adoption or business market validation. It will be interesting to see what companies to do address these realities and continue to enable startups. Startups that can leverage accelerators to get there businesses spun-up and generating revenue will be the only game that matters soon.
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