DISQUS

orangeguru · 1 year ago

I think a shakedown is a good thing.

The term startup is dead - at least since the bubble burst 2001.

Now everybody who starts a new company is simply an entrepreneur like everybody else.

And the internet as a market has progressed as well - it should be no longer be expected from new companies to make money in a distant future, but within a reasonable and acceptable time for the investor

Too many new web companies deliver too little and just pollute the market with a variation of another insanely great idea. Most of them don't have the stomach, nor the depth and business concept to really appeal to user tp pay for their services or make money otherwise.

TeleVision Voyeur · 1 year ago

well I think VC will slow down a bit, for a while they were just throwing around money without even looking at business plans or viability. So that will slow down a bit, but the creativity and ingenuity of developers will persevere as new more independent startups take off - using less money and resources, and being more conservative in their expenses.

@jeanannvk · 1 year ago

Entrepreneurs will continue to succeed, even in the worst of times, like we always have...by putting our heads down and plowing right through the middle of it!

dominic · 1 year ago

As an entrepreneur, I'll stick to the "what does not kill you makes you stronger", instead of thinking about it once a day, we'll do it 3 times :-).. and focus.

William O'Neill · 1 year ago

Are you guys (and gals) kidding? You're tickling yourselves to make yourselves laugh. Gloom and Doom. Imbibe it. Sit with it. Get used to it. It's not going away for a very long time. The positive side of all this? November 13, 2026 is the end of the world. It's not that far away.
Thanks for the opportunity to comment while there's still time.

The Baldchemist · 1 year ago

Well, where do we start? The first quetions I had were where is all the money? The difficulty I believe is exactly the business we are in. No cash all electronic funds flying around. At one point there was 7 trillion dollars in mid air that no-one knew who the owners were.
This situation was easily spotted 10 years ago when Nick Leaman managed to destroy one of Englands oldest and most established banks. Then there was Exxon and a string of other greedy llittle devils taking massive bonuses.
Lehman brothers CEO 500 mill over 6 years in bonuses! He and many like him must have seen the catastrophy coming. But Greed and a belief that "we can trade ourselves out" was supported by a conservative old fashioned free market whos grounding is a the least antiquated. Half of the "old boys" running compmies, and including John Mc Cain, can't even use a laptop!
But surely the money is still out there somewhere?
Doom and gloom? Hah! We are back ten years in terms of financial status, I'm just thankful that my punters need our services more than ever and are prpared to pay a premium for them.
So get of your arses and come up with some new ideas that fit 2008.
Take care. Blonde 2.0, you're fabulous. Take care. Talk soon. The Baldchemist.

The Baldchemist · 1 year ago

Sorry about the typing errors. It's very early .

The Baldchemist · 1 year ago

If I might add a little bit more re the future.

Sought After IT Skills

Basic programming and technical support work are disappearing to automation and outsourcing. The opportunities will be for those who understand business processes, can design and execute technology plans that create business value and can cultivate relationships both in and outside an organisation.
These hot in demand skills cross traditional boundaries, combine technical know how with a high demand for business and communications savvy.

Most in demand, those who know how to face clients, design advanced and sophisticated applications customized to add business value in a specific Industry or organisation.

More collaboration, interdisciplinary and much broader skills than the code crunching programmers presently in abundance are called for.

The requirement, solid technical competence combined with fabulous business, organisational knowledge as well as outstanding people and communication skills.

Service

What is service you may ask? Well any thing that is economic that cannot be dropped on your foot. More precisely service is the application of skill to solve a particular problem. IT service in particular.

Of course there are those who doubt whether these skills can be taught. That they are the results of years of learning and experience. It remains to be seen.

We are particularly glad to have, over the years, acquired such skills. Much to the joy of our clients, who want to get on with what they do best and leave this type of stuff to us. Ayelet keep knocking 'em down. Ray