Venture capitalists: We are open for business, but take our advice...
At a VentureBeat panel about managing through the economic downturn, the vibe was oddly upbeat. Yes, we're in a slump. Yes, it is systemic, not limited to the tech economy. But each of the venture capitalists on the panel said, "We're open for business." There is capital available. Although, perhaps, not for business as usual.
The strategies for muddling through this economy start with these 10 tips from legendary VC John Doerr:
1. Act now. Focus your business, cut what you need, or sell if you must.
2. Protect the vital core of your business. If … Read more