New Approach, Old Economy
from the what-next? dept
A good “cautiously optimistic” article over at the NY Times that talks about the new attitude and new approach of entrepreneurs and investors in the wake of the dot com downturn. They suggest that the stories of layoffs have been overblown, and most people aren’t having too much trouble finding work. Lots of people are starting new companies, but they’re doing it in much better ways – that is, they’re starting off as cheaply as possible and trying to build real sustainable businesses (what a strange concept). Investors, however, are still investors, and they’re trying to figure out what to do with the billion dollar funds they just raised, while at the same time figuring out how to shut down the mistakes they invested in.