Comments on: Macro-economic gloom and startups http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/ Nic Brisbourne's view from London on venture capital and exploiting change in technology and media Sat, 11 Feb 2012 20:08:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The internet remains a strong secular growth story « The Equity Kicker http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-1463 The internet remains a strong secular growth story « The Equity Kicker Thu, 06 Mar 2008 10:30:03 +0000 http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-1463 [...] have written before that if we have done a good job of choosing the sectors in which we invest our time and/or money [...] [...] have written before that if we have done a good job of choosing the sectors in which we invest our time and/or money [...]

]]> By: Ian Leonard http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-1364 Ian Leonard Wed, 23 Jan 2008 11:05:59 +0000 http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-1364 I'm inclined to agree with Alex, I started a technology business in 1993, interest rates were relatively high and house prices were forecasted to fall even further. We managed to build up rapidly in a niche market and flourished in the late 90's. Got out in 2003/4 by the skin of my teeth, I hung on too long. Currently looking for other ventures after a period of consultancy work. Any offers ? Ian I’m inclined to agree with Alex, I started a technology business in 1993, interest rates were relatively high and house prices were forecasted to fall even further. We managed to build up rapidly in a niche market and flourished in the late 90′s. Got out in 2003/4 by the skin of my teeth, I hung on too long.
Currently looking for other ventures after a period of consultancy work. Any offers ? Ian

]]> By: Ian Leonard http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-11095 Ian Leonard Wed, 23 Jan 2008 11:05:00 +0000 http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-11095 I'm inclined to agree with Alex, I started a technology business in 1993, interest rates were relatively high and house prices were forecasted to fall even further. We managed to build up rapidly in a niche market and flourished in the late 90's. Got out in 2003/4 by the skin of my teeth, I hung on too long. Currently looking for other ventures after a period of consultancy work. Any offers ? Ian I’m inclined to agree with Alex, I started a technology business in 1993, interest rates were relatively high and house prices were forecasted to fall even further. We managed to build up rapidly in a niche market and flourished in the late 90′s. Got out in 2003/4 by the skin of my teeth, I hung on too long.
Currently looking for other ventures after a period of consultancy work. Any offers ? Ian

]]> By: nic http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-1355 nic Mon, 21 Jan 2008 09:55:41 +0000 http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-1355 Hi Alex - your point is a good one. Businesses started in the depths of recession are often the ones best placed to take advantage of the eventual upswing. Joe - the investors in our funds like us to invest at a constant rate and leave it to them to judge the cycle so in theory our investment rate should remain constant. That didn't really happen in the last bust because there were so many first time funds who lacked the experience required to pull this trick off. Going forward I expect that to be less of an issue. The other dynamic relates to our time - we can only look after so many investments, particularly if they are underperforming and taking up a lot of time, so during a recession when exits take longer individual partners may not have the same bandwidth for new investments as they do when times are good. Hi Alex – your point is a good one. Businesses started in the depths of recession are often the ones best placed to take advantage of the eventual upswing.

Joe – the investors in our funds like us to invest at a constant rate and leave it to them to judge the cycle so in theory our investment rate should remain constant. That didn’t really happen in the last bust because there were so many first time funds who lacked the experience required to pull this trick off. Going forward I expect that to be less of an issue. The other dynamic relates to our time – we can only look after so many investments, particularly if they are underperforming and taking up a lot of time, so during a recession when exits take longer individual partners may not have the same bandwidth for new investments as they do when times are good.

]]> By: nic http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-11094 nic Mon, 21 Jan 2008 09:55:00 +0000 http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-11094 Hi Alex - your point is a good one. Businesses started in the depths of recession are often the ones best placed to take advantage of the eventual upswing. Joe - the investors in our funds like us to invest at a constant rate and leave it to them to judge the cycle so in theory our investment rate should remain constant. That didn't really happen in the last bust because there were so many first time funds who lacked the experience required to pull this trick off. Going forward I expect that to be less of an issue. The other dynamic relates to our time - we can only look after so many investments, particularly if they are underperforming and taking up a lot of time, so during a recession when exits take longer individual partners may not have the same bandwidth for new investments as they do when times are good. Hi Alex – your point is a good one. Businesses started in the depths of recession are often the ones best placed to take advantage of the eventual upswing.

Joe – the investors in our funds like us to invest at a constant rate and leave it to them to judge the cycle so in theory our investment rate should remain constant. That didn’t really happen in the last bust because there were so many first time funds who lacked the experience required to pull this trick off. Going forward I expect that to be less of an issue. The other dynamic relates to our time – we can only look after so many investments, particularly if they are underperforming and taking up a lot of time, so during a recession when exits take longer individual partners may not have the same bandwidth for new investments as they do when times are good.

]]> By: Joe T. http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-1352 Joe T. Sun, 20 Jan 2008 09:14:45 +0000 http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-1352 Nic, to what degree do concerns about the performance of existing investments, during rough economic times, influence a VC's decision to invest going forward? Nic, to what degree do concerns about the performance of existing investments, during rough economic times, influence a VC’s decision to invest going forward?

]]> By: Joe T. http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-11093 Joe T. Sun, 20 Jan 2008 09:14:00 +0000 http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-11093 Nic, to what degree do concerns about the performance of existing investments, during rough economic times, influence a VC's decision to invest going forward? Nic, to what degree do concerns about the performance of existing investments, during rough economic times, influence a VC’s decision to invest going forward?

]]> By: Alex Moore http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-1351 Alex Moore Fri, 18 Jan 2008 14:04:23 +0000 http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-1351 A follow-on point worth noting perhaps Nic: setting up a business during a downturn can be the best time. New companies who set up and start generating revenue during tough times can demonstrate they are recession-proof. Something boom-time startups can't claim. A follow-on point worth noting perhaps Nic: setting up a business during a downturn can be the best time. New companies who set up and start generating revenue during tough times can demonstrate they are recession-proof. Something boom-time startups can’t claim.

]]> By: Alex Moore http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-11092 Alex Moore Fri, 18 Jan 2008 14:04:00 +0000 http://www.theequitykicker.com/2008/01/18/macro-economic-gloom-and-startups/#comment-11092 A follow-on point worth noting perhaps Nic: setting up a business during a downturn can be the best time. New companies who set up and start generating revenue during tough times can demonstrate they are recession-proof. Something boom-time startups can't claim. A follow-on point worth noting perhaps Nic: setting up a business during a downturn can be the best time. New companies who set up and start generating revenue during tough times can demonstrate they are recession-proof. Something boom-time startups can’t claim.

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