On Sat, 4 Oct 2008, Zubin Wadia wrote:

>
> The whole point of a start-up is to bootstrap an idea which can make a
> positive impact on particular people, places and things.
>

In principle, very true !

>
> Warren Buffett - amongst all this chaos, why is he buying into Goldman Sachs
> and Wells Fargo? He isn't nuts -

You are absolutely right.
The Sage has bought $3 bn stake in GE or can for that matter any company
that has signed fat contracts in Iraq. He never invests in startups :-)

>
>
> To specifically answer your question - getting rounds of funding is going to
> be tough in 2009 and potentially 2010. Start-ups are going to need seriously
> credible teams backing compelling ideas to get funding. That holds true in
> any year but more so in times like these :).
>

This means that a lot of Web 2.0 companies may not see their future
rounds of funding ! Seriously.

I highlighted the case of Agami (www.agami.com) as it really developed
fantastic products that solved very important problems and had a
credible team. If investors can pull the plug on funding in such a
company, then what's the big deal about
'helping you online chat - collaborate - rep - photos' companies.

Isn't a lot of Web 2.0 companies another Bubble 2.0 ?

Another question that i have is, if most of the major economies shifted
to Euro, will funding startups in Dollars continue to be as attractive?

Thank you for mails, they are very insightful. Please keep writing.

thanks
Saifi.