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More tech start-ups funded (and controlled) by VCs are shutting down as VCs try to get their money out. Startups started by people who have a business plan to a
by ijntybvrt 18y ago
More tech start-ups funded (and controlled) by VCs are shutting down as VCs try to get their money out.
Startups started by people who have a business plan to actually make money ,sell real product to real customers, rather than just attract VCs and cash in are doing rather nicely thank you.
- DaniFong 18y agoOur business model couldn't be much simpler: build machines that save people and utilities energy and money, sell them at a profit. But it's still tough raising money.
- MrGunn 18y agoWe've had troubles raising money, too. Our core business is making real things, we have technology no one else has, it fits a under-served and well-defined market niche, and there's tons of customer interest. The deals that were available before just aren't there.
- nostrademons 18y agoIt's harder to sell real product to real customers now, as real customers don't have as much money to buy things with as they did a few months ago. It's certainly possible, but recessions are all about averages, and it's a lot tougher for the average business right now.