Categories
Uncategorized

Y Combinator’s Sobering Message to Startups

From Y Combinator:

For those of you who have started your company within the last 5 years, question what you believe to be the normal fundraising environment. Your fundraising experience was most likely not normal and future fundraises will be much more difficult.

TechCrunch

Click the link above to read the whole thing.

One of the keys to building a successful business is to have a clear vision of what the outside world is up to. Know how good the economy is and drill down as far as possible. You might not think those high gas prices will negatively impact your cool new NFT avatar creation business that you are projecting to be a unicorn in four, maybe five, years but, trust me, they do have an impact.

Another something from Y Combinator worth a look is the video below about how to save your business during an economic downturn.

Leave a Reply

Your email address will not be published.