Startups starting to feel economic pain

25.11.2008

Where do we go from here?

Everyone is a little apprehensive about '09 but the best thing for early-stage companies to do in this environment is to control the burn rate, try to make progress on what customers want in a tough environment and that should strengthen them for when the economy turns. We're about halfway through investing in our last venture fund that we raised in '07 and we're actively looking for new investments. But at the same time, we're looking for companies with experienced people who can make progress without burning too much capital since it could take longer prospectively to grow a company than it has in the last few years.