January 13, 2009
It’s agreed. We’re in the biggest economic downturn we’ve ever seen. So why would anyone want to launch a startup?
1937 photo by Dorothea Lange
Maybe because a downturn is the best time to launch a startup (see “6 Reasons Why This Economy Is Good For Startups”). Or maybe, “Why not?”, because what else are you doing that’s truly worthwhile? Or maybe, finally, because startups are the only way to create prosperity when established businesses are failing.
Whatever your motivation to launch, some of the rules for success just changed (along with everything else that got broken with the collapse of 2008).
(read more) What To Do When There’s No Venture Capital
January 3, 2009
Crashed Hard Drive
Another horror story. This from TechCrunch, “All Data Lost Without Backup, Company Deadpooled” (also discussed on Slashdot). Briefly, a blogging company named JournalSpace was put out of business when their web site database was erased. The company speculates it was the victim of a malicious act from a disgruntled ex-employee. But the real culprit was poor management and the victims were its thousands of customers who lost years worth of creative work.
Responsibility and accountability have to be built into every startup’s company culture and business policies. What can you do? Read on for some advice.
(read more) Backing Up Is Hard To Do?