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This message naturally applies most to U.S. startups in the midst of economic turmoil, but its a good reality check in any case. The key thought: Get Real or Go Home.
| Written by Osama A. on 10/10/08 in PakStartup |
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October 10th, 2008 at 11:44 pm
these are tough times for startups in US..
October 11th, 2008 at 1:43 am
Obaid - how’s the US economy effecting work from Canada?
October 12th, 2008 at 7:26 am
Glad to know that you are have started writing again regularly. Startups in US have been asked to preserve cash , so as they can survive the bad time. Tech Crunch is filled with such news from various VC’s
http://www.techcrunch.com/2008/10/11/profit-maximization-v-survival-maximization/
October 14th, 2008 at 7:35 pm
Osama: Canada is very tightly coupled with US economy. The companies are feeling the pinch.. startup like ours which depends a lot on US based contracts, is getting hit hard, as a lot of companies are pulling back from their projects and saving up on cash.
But this gives us the time/reason to think about our products and work on them to get them ready for market. Hopefully you will see a few of our products launched in next few months.