More tech start-ups funded (and controlled) by VCs are shutting down as VCs try to get their money out.
Startups started by people who have a business plan to actually make money ,sell real product to real customers, rather than just attract VCs and cash in are doing rather nicely thank you.
Our business model couldn't be much simpler: build machines that save people and utilities energy and money, sell them at a profit. But it's still tough raising money.
We've had troubles raising money, too. Our core business is making real things, we have technology no one else has, it fits a under-served and well-defined market niche, and there's tons of customer interest. The deals that were available before just aren't there.
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More tech start-ups funded (and controlled) by VCs are shutting down as VCs try to get their money out. Startups started by people who have a business plan to actually make money ,sell real product to real customers, rather than just attract VCs and cash in are doing rather nicely thank you.
Our business model couldn't be much simpler: build machines that save people and utilities energy and money, sell them at a profit. But it's still tough raising money.
We've had troubles raising money, too. Our core business is making real things, we have technology no one else has, it fits a under-served and well-defined market niche, and there's tons of customer interest. The deals that were available before just aren't there.
It's harder to sell real product to real customers now, as real customers don't have as much money to buy things with as they did a few months ago.
It's certainly possible, but recessions are all about averages, and it's a lot tougher for the average business right now.