The following is an excerpt from Techcrunch (USA):A lot has already been said and written about the current economic crisis, and how the financial meltdown is and will keep on affecting startups in the US. VC's and angel investors are telling their portfolio companies to say goodbye to the good times and batten down the hatches, and at the same time raising the bar for new financing rounds, while startup CEO's are executing substantial lay-offs and some company founders are even jumping ship altogether.Little noise seems to be coming from Europe though, as if the downturn isn't having an impact on the industry here at all.The post then goes on to say that the downturn will ?eventually' affect Europe. I beg to differ, there is nothing to say that startup's within Europe will suffer in the same way as the U.S. I don't believe innovation and forward thinking will be stopped by this economic downturn, if anything this situation will help the cream rise to the top. As you can probably tell I'm not worried about the caramel crunch and if anyone reading agrees then leave your comments ? heck if you don't agree leave your comments as well.
- Author
- Gary McCarthy
- Title
- Date
- Article added 21st October 2008
- Tagged
-
Comments on this article:
Be the first to comment on this article