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If you are trying to finance your startup in today's depressed economy, I feel your pain.
It's tough out there. Even the Venture Capitalists are seeing their money supply reduced dramatically. Angel investors aren't as liquid as they used to be.
With all the cash taps basically shut off where do you find startup capital for your business?
As the economic news becomes bleaker by the day and the word "depression" no longer feels like hyperbole, it's time for entrepreneurs to hunker down and become very realistic about how they will finance their startups. The days of writing a business plan, traipsing into an investor's office, and dropping off a copy are over. Indeed here at the opening of 2009, we are in a situation which is the exact opposite of 1999 when there was loads of capital available to fund even the silliest of ideas. Back then it seemed as if at least half the workforce was walking around with a stack of business plans under their arms knocking on venture capital firms' doors.
Well, not anymore.
Only the tough and financially savvy will be able to cobble together the financing that their startups need to launch and survive in this economy. This is not an economy for wannabes.
With this reality in mind, I am starting up a new newsletter which will cover startup financing lessons for a depression or deep recession.
You can subscribe for free here: Subscribe Me to Startup Financing
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