as discussed by Forbes. About a two minute read.
Comment: some good niches here, best quote from the article: “We are moving past the era of growth for growth’s sake and into an environment that must be hyper-focused on meeting customer needs.”
Far too many “solutions” were built over the past few years that literally, nobody needed, so it’s welcome to see rationality returning. The fundamental problem will be a lack of funds — I’m connected to the VC community and we’ve seen a large reduction in risk capital. Keep in mind, when you seed a startup (I’ve done two) you are illiquid for three to five years. Lots of risk to take in this environment.