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The $15 Billion dollar question is whether tech (ahem — consumer web applications) are recession proof. One of the nice things about being in an industry that traditionally doesn’t produce revenue and relies heavily on the advertising industry, venture capital and
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9 months ago
9 months ago
"youthful exuberance" in check.
9 months ago
Though it seems that a lot of startups, especially in the earlier stages, are really zero-revenue operations. If the plan is to simply grow the user-base for a while, and worry about having a business model later, then the only additional caveat is hoping for the economy to be out of recession by that "later".
9 months ago
you're fine but when money starts getting tighter it becomes a lot
harder to rest on your haunches and hope.
I expect that in the near future, the surviving companies will begin
to show us more sophisticated business models.
9 months ago
9 months ago
start providing rational value for consumers again.
8 months ago