Has the current economic climate affected your product or startup?

Question

Fidel Avendano · Accepted Answer

the current economic climate has affected our startup. We've had to adjust our plans and be cautious with our spending. Despite the challenges, we remain committed to our product's success and are always looking for new opportunities to grow.

Answer

well, the current economic climate has definitely affected our startup. With the pandemic-induced recession, many investors have become more cautious about funding new ventures, which has made it more challenging for us to secure the necessary funding to scale our business.

Neal Woolery · Answer

the current economic climate has affected our startup. We have adjusted our strategies and operations to adapt to the changing landscape, while exploring new opportunities that have emerged as a result of the pandemic.

Justin Johnson · Answer

Definitely in fundraising. Found that angels who used to invest in ideas and team now require product and traction. VCs who used to invest in early growth products now require later stage growth. It's all about leveling up now.

Ramya Bhaskar · Answer

not much for us. We have been frugal and lean always  :)

Brajendra Kumar · Answer

@fredmitche5 Agree. A lot of startup have started looking for alternate revenue stream, and become more frugal.

Suwa Deshi · Answer

I think I need to learn more and the corrent hardships economy maildown still affect our business. So can't you help us to boost our business please..

Brajendra Kumar · Answer

@saranellie7 True. Best wishes to you for funding!

Has the current economic climate affected your product or startup?

Replies