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It makes sense. The credit markets are imploding so it's going to be harder to borrow. Basically you need to survive by not borrowing, so get cash flow positive
by smakz 18y ago
It makes sense. The credit markets are imploding so it's going to be harder to borrow. Basically you need to survive by not borrowing, so get cash flow positive.
I think this crash is analogous to the long depression:
http://en.wikipedia.org/wiki/Long_Depression http://en.wikipedia.org/wiki/Long_Depression
But I doubt it will take as long to recover as it did in 1873.
- shedd 18y agoYep, finding a business model that generates revenue quickly seems to be the emphasis across the board. The get users, find cash later, models of the past are certainly out for the most part as long as this economic cycle is with us. Back in are real business models that actually make money.