Best Tech Events This Week (ThinkCommerce, Xconomy, TimesOpen Hack Day, NY Tech Meetup, TEDxSiliconAlley, AlleyNYC Holiday Party, Hack/Meat, Pitchcrawl 2.0)
This is a guest post from Gary Sharma (aka “The Guy with the Red Tie”), founder and CEO of GarysGuide and proud owner of a whole bunch of black suits, white shirts and, at last count, over 40 red ties. You can reach him at gary [at] garysguide.com.
Winter is coming.
No, I’m not talking about the weather (though it has been getting chilly lately). Nor Game of Thrones (FYI, season 3 begins on March 31 for those keeping track!). I’m talking about the growing perception in Startupland that the good times might really be coming to an end (for now). Following last week’s post by Fred Wilson was this one by PandoDaily’s Sarah Lacy, talking about the Series A crunch and how as many as thousand companies who’ve received seed rounds won’t be around in six months. Then there’s this one by TechCrunch’s Alexia Tsotsis, arguing that the Series A crunch actually extended to Series B, C and D. So what should entrepreneurs make of all this? Do what ya should be doing anyway–focus on building an insanely great product that customers really want and start thinking about monetization early. Personally, I think this is the best time to build a company. Read More