Starting a company and approaching investors for funding is always a daunting task – more so with the current downturn in the economy. However, for the undaunted entrepreneur, there are rewards to be reaped; some of the world’s most successful companies were started during periods of general economic malaise. Strategies that were effectively used to raise money a few years ago may not work now. Yesterday’s business models may need to be refined or replaced to suit the current economic climate.
Given the current economic climate, is it a good idea to start your company now or is it advisable to wait it out for better days? How is raising funds through VCs and angels getting impacted? Are these investors being more cautious or are they betting on different business models? What business models are resilient enough to ride the downturn? Are Web 2.0 business models a safe bet, or would you make a wiser choice by going with a ‘Software as a Service’ strategy?
TIE-Seattle is hosting an event on Sep 25th, 2008 to explore these questions. Come and hear our panel of prominent entrepreneurs and investors answer these questions and share strategies that have helped them navigate their entrepreneurial ventures through rough economic seas. Bring your questions as well and network with other guests and our panelists before the event.
Added by sachinjoshi on September 7, 2008