Domesday news from the tele, banks collapsing and ppl noticing that also the tech money might be running low. For me personally and a few other ppl not relying so much on financing, I think the climate just got better:
Pros
Don’t have to worry as much about competitors that have 100x-1000x the money that I have to do the same thing.
Only the true risktakers are staying in the market, meaning more fun at work. The risk averse go onto gov money or take a “proper” job I think.
Lots of good stuff go bust that needs to be picked up by someone …
People will go into buying more cheap happy things like a cute button or dogtag.
People sit at home surfin for stupid pointless pictures.
Cons
Consumers might not be as happy to purchase superexpensive geeky gadgets and shirts.
Ad spend might go down a bit (although I think the onlinespend will stay quite even regardless).
Will be thougher working during the day due to the fact that you now have so many unemployed friends with nothing todo except spending their unemployment money.
Happy days are here!
*PS this is a sponsored l1nKwH0|23 post PS*
True true. I remember Thomas (tv.nu fame) asking for a “really nice downturn to weed out all the golddiggers and leeches” from the business to make it more like the old days when people built real websites for fun and not only the money.
I think I agree even if I’m personally a bit in the market for external capital for our latest project (tuurf).
Its not that I don’t think ppl should take external capital, its more about making your budget in a way that requires more rounds of financing and if you don’t close them the company will go bust.