With cash prospects dwindling, startups face a tough choice |
Connect with TechFlash on our Facebook page for all the latest technology news headlines and commentary, plus information and access to special events, photos from events, promotions and more.
Today On Techflash
- Amazon falls on world's most valuable brand list; Microsoft at No. 5
- Microsoft to offer $15 upgrade to Windows Pro 8
- Amazon announces deal with Paramount Pictures
- Seattle TaskRabbit will run your errands, do your chores
- Startup of the Week: LocalBonus aims at 'buy local' movement
- Microvision gets NASDAQ delisting warning letter
Mass High Tech
With cash prospects dwindling, startups face a tough choice
To grow or not to grow? That's the question facing many unprofitable startups that are making tough decisions about whether to grow the business to take advantage of opportunities or scale back to deal with the pressures of the economic recession. The Wall Street Journal reports on the nitty gritty subject today in a story titled "At Startups, Boards Spar Over Cash Plans."
The Journal focuses on startup companies in the San Francisco Bay Area, but the discussions are going on in Seattle too. And it's a Catch-22 situation for some entrepreneurs who see opportunities to expand, but don't have the cash to do it.
I've heard from a number of VCs and entrepreneurs recently who have talked about how this is the best time to start a new company -- talent is available, office space is cheap and potential competitors are running for the hills. In fact, Microsoft CEO Steve Ballmer made comments to that effect in Silicon Valley last week.
What are you seeing? Is your company expanding to take advantage of the downturn?
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
TechFlash Team
Recent Sponsor Posts
Follow, like, and connect to a broader audience for your company!
The Puget Sound Business Journal announces Social Madness: A Corporate Social Media Challenge, presented by Capital One Spark Business. This a local and national challenge that will spotlight the best social media programs of companies in 43 cities. The local challenge begins (following the nomination period) on June 1, 2012. The promotion will culminate in a national bracket challenge that will crown Social Madness champions in 3 categories based on company size. To see the official rules, visit http://www.socialmadness.com/rules.
For more information on how your company can participate, visit the nomination page here. Nominations are due May 15th.
BizDev Seminar Series - Leadership: Rallying People to a Brighter Future
Join us for this one-of-a-kind seminar series where you hear directly from the experts about hot topics to grow your business.
The skills to be effective as a leader can be learned. What are the skills and attributes needed to be effective top leaders? How do you tell what level your people are at, and what development skills each person needs? Workshop attendees will learn the answers to these questions and more.
Tuesday, May 17, 2012
8:30am - 10:30am
The Harbor Club, Seattle
Register here.
