-In the most inexplicable news of the week, Twitter the successful (?) start-up famous for having no business plan secured more funding. While the amount was undisclosed, this new investment reportedly brings Twitter’s valuation up to $250 million. We thought VCs were tightening their belts?
-In news that’s unlikely to surprise anyone, big banks—you know, the ones who received the bailout cash?—aren’t handing out as many business loans as they once were. There’s still hope for your business plan, though! Smaller community banks are stepping up to the plate and are increasingly offering more business loans. It makes sense. Local banks don’t have the same, expensive overhead that big banks do. Executive jets aren’t cheap, people!
-While there was little positive in the news on Monday that 75,000 Americans lost their job in one day, we did see one opportunity. Layoffs are horrible, but if you’re interested in launching a start-up, unemployment’s a chance to finally work on that business plan. No, punching us through the screen doesn’t actually hurt.
-Speaking of all the negative news, if you’re working in your business plan, don’t let it get you down. Easier said than done, you say? That’s why we recommend using blinders. Besides, things aren’t quite as bad for entrepreneurs as you may think.
-If you didn’t hate bankers already (just check out the post up about the executive jet), this will probably help with that. Don’t say we didn’t warn you.
-Last year everything was all green business plan this, and green start-up that. So does it surprise anyone else that people now say that global warming is one of their lowest priorities? Oh right. It’s the economy, stupid.
-To the reader who asked us this week if they should get an investor to sign a non-disclosure agreement before handing over their business plan: no. Never. Absolutely not. Just so we’re clear.
-There’s no question that venture capital funding is tight right now. The question then is how much and what you’d give up to get it. Would you accept funding with a catch? See what we mean here. It’s not quite as illicit as it sounds.
-Few things pain us more than corporate attempts at trying to “save money” and “reduce expenses.” And that’s mainly because those efforts end up looking a lot like this.
Now, let’s put this week behind us.