Now is the time for self funded start ups
From the Giga Om network, here’s an article describing how investors are doing fewer deals with new start up companies. It’s sad news for those companies that just need a little extra capital to make a big impact. It’s good news for those (not me) that can self fund a start up since there will be less competition now. Further, when the economy swings around again, the companies that could weather a tough downturn will be first in line when capital becomes more freely available.
The article can be read at http://gigaom.com/2008/12/11/economy-has-angels-pulling-back/
Bryce McDonnell is a Ruby on Rails and PHP web applications developer in Portland, Oregon. Learn More about his company, sites and get online marketing help at brycemcdonnell.com