Survival 2010 - Tim Draper gives Survival 2010 tips
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- Vator TV
Survival 2010 - Tim Draper gives Survival 2010 tips
Crisis is an opportunity to grab huge markets Tim Draper, Founder and Managing Director of Draper Fisher Jurvetson, shares with Reena Jadhav, CEO nuResume, his perspective on the impact of the current economic crisis on venture backed companies. Bottom line: this is a crisis you can take advantage of and an opportunity to grab huge markets! He draws a clear distinction between the current economic crisis and the 2000-2001 downturn by saying that while the last downturn had us firmly at the center of the vortex, this time we're collateral damage. That translates to vastly different strategies for survival. Then, we were asking CEOs to layoff everyone in the company in order to survive but now we're asking companies to take advantage through re-direction or growth. One factor driving differing recommendations is that now ... [ Read more ]
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Vator TV | January 26, 2009
