#68 Nick Bell: There's A Wrecking Ball Coming For Startups
Startup Diaries
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The Path to Profitability
In the good times where rates are at zero, basically capitals flowing through the economy, you're getting away with a lot more. But in less than 12 months, everything's kind of just completely shifted and it's not what we just talked aboutWhere money's not flowing through theEconomy. So now the startups go, shit I need to survive by myself. You can only raise so much money from friends and family. What do you do? You need to find a path of profitability. The biggest bank in Silicon Valley out of action. These venture capital firms can't give the money to the startups. To me that is bloody disgusting,. Like you've always got to keep your investors updated
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