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I’m working on ideas for a new startup and this is a very different economy than three weeks ago. The Dow is down 24% in that time. Overall, I think my chances
by travisjungroth 7y ago
I’m working on ideas for a new startup and this is a very different economy than three weeks ago. The Dow is down 24% in that time. Overall, I think my chances are better.
Raising that friends and family round might be tougher, since some people are feeling less rich than they did. Others will be looking for a hedge.
I’m targeting B2B SaaS, and there’s certainly going to be some purse string tightening. But I imagine there will still be room for low-cost tools with a 10x ROÍ, which is the surest way to be successful, anyway.
The biggest advantage I have going is flexibility. Right now I can turn on a dime, which a public company, or even a Series B, can’t really do.