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It affects funding, revenue, and side-employment (relevant if you're self-funding), IPO share price, and a host of other startup-related things. In addition, th
by mkn 18y ago
It affects funding, revenue, and side-employment (relevant if you're self-funding), IPO share price, and a host of other startup-related things. In addition, this is a news event of immense scale. The global economy is probably melting down.
We are the guys and girls that solve this...
That depends, I guess, on if we're the kind of people who keep others in houses, lend to banks, evaluate debtor's credit rating, produce the things people need in order to live, or have the intellect and authority to make the right policy decisions in this frankly harrowing time.
If a meltdown really happens, starting up will be a whole different ball game. Changing currency valuations will strongly influence things like who gets to be an industrial economy vs. who gets to be a service economy, who gets to have functioning infrastructure and who doesn't, and who can afford food and energy.
Though we are all a little disaster-fatigued, the global financial freeze-up that could wreak havoc on our abilities to make a living surely warrants attention on the front page.
- swombat 18y agoIt might change who gets to be an industrial economy versus who gets to be a services economy, but start-ups can sprout up just as well in one as in the other - although they're obviously going to be different start-ups focusing on different sets of opportunities.
- jhancock 18y agoThere is no telling which businesses will come out from the ashes. To be sure, entrepreneurs will find their way, whether its selling vegetables or selling communications tools. Speculation is futile ;)
- sabat 18y agoWe pump money into the economy when we succeed in innovating, or at least in creating wealth. That's what he means.