4 ms·
slightly cocky, comming from a startup that depends on other startups being able to hire. For every 6 crappy ideas not being funded, might a good one that unfo
by ardit33 19y ago
slightly cocky, comming from a startup that depends on other startups being able to hire.
For every 6 crappy ideas not being funded, might a good one that unfortunately might not be funded as well.
And it is crazy thinking that overrall economy and investors' sentiments don't matter. What if in 3-4 years the economy is still not fully recovered, and your company is running out of cash?
What if you want to exit?
A lot of companies that cashed out around 2002-2003 were undervalued, because such was the sentiment right then. Rottentomatoes sold for something like 10million (don't remember the exact sum), and if it waited few more years it probably will have fetched a lot more.
We don't know how long, and how bad this downturn will be, this is just the beginning.
- sharpshoot 19y agoHi Ardit33, our longer term outlook isn't build around serving startups - thats a very cyclical market. Instead we believe that a better online approach will win customers as they cut costs in their recruiting budgets. My point is centered around not getting distracted by the media frenzy around this problem. If it affects your startup adjust - its doesn't mean ignore it completely. Crazed optimism and a desire to do whatever it takes is what startup founders should be focusing on. At least we are at Snaptalent.