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Companies raised too much money in 2005-08 and had high burnrates. The last big recession was in the early 90′s where IT and globalization were in their infancy in terms of impact. And Social. When this period was fresh, in Sept 2009, I wrote a very detailed assessment of what I thought had just happened.
Even for low-tech startups, the scope of information available on the Internet, and its global reach, has had a similar financial impact on the many other challenges facing every startup founder. That’s a burnrate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. Technology costs.
Even for low-tech startups, the scope of information available on the Internet, and its global reach, has had a similar financial impact on the many other challenges facing every startup founder. That’s a burnrate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. Technology costs.
Even for low-tech startups, the scope of information available on the Internet, and its global reach, has had a similar financial impact on the many other challenges facing every startup founder. That’s a burnrate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. Technology costs.
Even for low-tech startups, the scope of information available on the Internet, and its global reach, has had a similar financial impact on the many other challenges facing every startup founder. That’s a burnrate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. Technology costs.
To build an app, you can purchase a cheap Chromebook, connect to an incredibly powerful array of supercomputers for next to no cost on AWS, and you can distribute your minimally viable product across large socialnetworks like Linkedin and Facebook with just a key stroke. 10- Solopreneurs will join other progressive businesses.
And even worse, wed cranked up the burnrate in order to be ready to handle all those millions of mainstream customers we anticipated. Launching is about creating circles within circles (groups of people that connect) and socialnetworking, word of mouth, and real-world advertising are all contributing factors.
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