October 11, 2008

A Bullet Point Summary from the IdeaLab 2008 filed under: the offline world — Martin @ 5:19 pm

Here it is live from Vallendar:

• Tough times are coming: the financial crises is becoming an economic crises
• The main objective for startups must be profit instead of growth
• transaction based models and paid services / content are becoming hot
• keep your burn rate as low as possible
• survive the next two, three years
• it will be hard to get venture capital, however some VC companies are investing because of the crisis
• the crisis is not a risk, it’s an opportunity
• It’s the best time to start a company because competitors will be rare 

To summarize: great event for young founders!

related posts

• December 9, 2008 -- Xtopia Video Online: Virtual Goods and Social Communities (0)
• December 9, 2008 -- Susan Wu: Virtual Goods Make Real Money (0)
• November 27, 2008 -- Startup Lounge (2)
• November 18, 2008 -- Xtopia 2008: SnipClip (1)
• November 17, 2008 -- Virtual Goods Summit 2008: Videos Online (2)

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