Hi Nick, we're not in a recession yet and I hope that we don't find ourselves in one eventually. I'd say though that a correction is needed and welcomed (just house prices alone here in the UK are ridiculous, and the sub prime thing is still rippling through the banking system).
Lean business is good business and I expect smart start ups will thrive regardless.
The main concern is the too many firms chasing too few ad dollars, per the Publicis top dog (Levy?). It'll be interesting to see how that kicks in and shakes out VC portfolios.
James Penman
· 1 year ago
A slowdown, certainly, but ironically I think that'll strengthen web businesses as consumers bring their time and cash online.
On house prices, for me they're here to stay. Agree that they're ludicrous but supply is awful owing to planning laws and the speed at which the planning authorities work (they are and have always been a nightmare in the South-East at least) and demand is voracious. Factor in London 2012 sucking labour away from developers and prices are only going in one direction.
All Comments
Lean business is good business and I expect smart start ups will thrive regardless.
The main concern is the too many firms chasing too few ad dollars, per the Publicis top dog (Levy?). It'll be interesting to see how that kicks in and shakes out VC portfolios.
On house prices, for me they're here to stay. Agree that they're ludicrous but supply is awful owing to planning laws and the speed at which the planning authorities work (they are and have always been a nightmare in the South-East at least) and demand is voracious. Factor in London 2012 sucking labour away from developers and prices are only going in one direction.