Eliot Van Buskirk (http://www.wired.com/epicenter/author/eliotvb/) at Wired writes an article telling us that “[…] The financial giants of New York City may have crashed spectacularly after betting the world’s economy on worthless home mortgages, but the city is now bursting with technology startups, who just a short year ago wouldn’t have been considered worth risk or attention from the money men.” (full article at http://www.wired.com/epicenter/2009/10/startups-rise-from-the-wreckage-of-new-yorks-financial-system/).
I think that all those startups are of course a sign of some kind of economy new deal, but we all should be aware in order not to come again back i 2000, where with only an idea and no basis you could become a millionaire.
IMHO consistent and stable growth passes through a selection of which startup deserve to continue and those who don’t.
Not everybody is an entepreneur or is able to be so. Even if you’re one of the best and brightest mind.
This post as a comment also at http://www.wired.com/epicenter/2009/10/startups-rise-from-the-wreckage-of-new-yorks-financial-system/comment-page-1/#comment-36186
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