It is always easier to grow a company when the overall economy is on an upward tick, there is no doubt about that, but I always say that as a venture investor if you pick your targets markets well they should grow through the good times and the bad. That’s important because most investments will have to endure a recession of some sort over their 5-7 years in the fund.
Statistics in CityAM this morning show how this is panning out in the retail world today – ecommerce is growing fast whilst overall retail is flat to down.