It would be great if someone created a nice spoof song about the drying VC arena. Something catchy, something you can really hum to. A tune that will keep the bright-eyed-optimistic-entrepreneur focused and motivated on building that next great webware. You know something he can hum while banging away on his keyboard writing those cool RoR apps. - Anything that can keep his mind away from the bleak future ahead.
Ok.. Ok.. I’m being a little sarcastic. I’m just not as optimistic as Schonfeld of techcrunch.
In Schonfeld’s most recent post, I had the sense that he crafted his post carefully to at least convey the sentiment that ‘things aren’t half-bad’. However, in the past 90 days he has written about the VC well three times. - And all of the post seem to hint that things aren’t looking up. Ok, to be fair, he makes the post fairly objective. Surprisingly more objective than what I am use. Heck, I wish techcrunch had a way to tie in this VC slow-down to twitter being down-all-the-time and that people-should-switch-to-friendfeed. At least, the post will be more entertaining and I’ll know what Schonfeld really thinks.
I think the slow down is pretty clear and I think its pretty serious. I believe that the overall economic slowdown will impact our space profoundly. Innovation will definitely be affected.
However, I am reminded of the days of “idealabs” & “ecompanies”. - You know?! The days of the incubators. I think its a great time for the VC’s to form an incubator arm. Get some of that economies of scale going for running a company. Get some of that synergy going from having a bunch of smart techy guys working in the same building.
Seriously!
I think its going to be great for businesses. Especially, for the startups & the VC’s! Imagine all of the savings of buying notepads, paperclips, staplers, and herman miller chairs in bulk.
Next thing you know, techcrunch will be launching IncubatorCrunch!
But I guess the question is: “What do we do now?”. The newly unemployed will surely try there hand on a new startup. Wheres the capital going to come from for these new great ideas?
Well, heck - I guess it aint that bad. Web hosting is cheap. They can start the next twitter for $7.95! er.. is that why twitter was always down?
Filed under: Companies & People | Tagged: "Venture Capital", "Economy", "TechCrunch", "Eric Schonfeld", "Economic Downturn", "VC's are poor now", "Crisis", "I want to make a million dollars"
