Startups – want to be innovative? Go back to the garage. That’s the message venture capitalists at the Dow Jones VentureWire Technology Showcase in Redwood City CA today, are offering to entrepreneurs and startups.
In the midst of one of the worst economic crises the world has seen, investors are in the main optimistic, and agree that to weather this storm and come out on top, today’s entrepreneurs need to change their mindset and go back to basics: go back to the garage, and success will follow.
Citi analyst Mark Mahaney explained that today’s market brings new opportunities if you’re willing to look for them. In the late 90’s when all looked bleak, one company that broke through was eBay(EBAY); it went public in the fall of 98. “While the bar is exceptionally high right now, it doesn’t mean someone can’t break through it.” More
