Up and Running:

Let’s not get too lost in the major macroeconomic news. Startups go on. You fill gaps. New needs arise.

I just caught Wind Power Holdings snags $37M for wind turbines on VentureBeat:

“As the rest of the economy tanks, the cleantech sector has remained buoyant, with investors continuing to dump cash into wind, solar and other renewable energies. Banking on a recent wave of enthusiasm for wind power, Barre, VT-based Northern Power Systems announced that its parent company, Wind Power Holdings, has raised $37 million in first-round funding.”

Meanwhile, if you want to see startups, browse over to Startup Meme , which announces several every day. Yesterday’s posts included StartMobile and Social Text 3.0

Not that you don’t need to do something people want to pay for in a good market, with a credible management team . . . you do . . . but that’s always been true. And starting up will definitely be harder now (after the latest financial crisis) in some specific business areas affected by the mortgage crisis, Wall Street failures and so forth.

Yesterday on my Planning Startups Stories blog I posted on ADP’s report that businesses with fewer than 50 employees added 28,000 new jobs during the month of September . . . right smack in the middle of the crisis.

And I’m not saying don’t give up. Plan, revise and review your plan. Take a step back away from it, and look at it again. Give up if the specifics look bad; don’t give up if you review your plan and it still looks OK.

This entry was posted on Friday, October 3rd, 2008 at 5:04 am and is filed under economics, events, startup advice. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “The World Goes On. Startups Continue”

1. Brett Tilford Says:
   October 3rd, 2008 at 2:06 pm

   I think the “green” sector will be strong for a good long while. Also, add my web startup “Nectar” to that list!

2. Richer Business Blog Says:
   October 4th, 2008 at 6:44 am

   Hie Tim,

   Nice to hear that . Yeah! renewable energy and everything that has to do with clean and efficient energy is booming.

   Peoples still need to eat, to clothes themselves, a car, a home. All the basic is still there and the population is still booming at a rapid rate.

   Lets use our antenna to find a good business opportunity.

   Thanks

   Michel Richer
   Hombyz Co.

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