from 2008: The Startup Depression: "I wrote this to my email list on Saturday the 27th of 2008. Two days before the single largest drop in the history of the stock market."
2008: "It’s my belief that the economic downturn will be much worse than it is today, and that 50-80% of the venture-backed startups currently operating will shut down or go on life-support (i.e. 3-4 folks working on them) within the next 18 months."
2008: "Make a list of every Web 2.0 startup to raise an A or B round and cross 80% of them off the list, because they will not make it to their next round of funding or profitability."
2008: "Everyone I talk to is feeling confused, paralyzed and anxious–many are in full-blown depression. People are scared, and they should be. This could be the start of a very difficult time for our country and the rest of the world."
2008: "When the market is in the middle of correcting, as I believe it is currently doing, people tend to underestimate everything including:
a) how bad it will be
b) how quickly it will get worse
c) how long it will take to recover"
2008: "1. Execute better: This is fairly simple, as I describe above. Rank yourself and your performance and improve it.
2. Grow the talent you have: When the market is down, it’s a great time to get your team educated and to the next level. Invest in training and education..."
more at the post... it's REALLY hard to read a 12 year old post as a writer, but I think this one is solid enough to share.
2008: https://calacanis.com/2008/09/29/the-startup-depression/ …
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