VCs Warn Start Ups to Reduce Their Burn Rate
October 13, 2008 by Colleen Coplick
Filed under Social Media
Om Malik, one of the few uber-A-listers I haven’t met or hung out with yet, has a fantastic post about the economy, VC Funding and start ups. With the economy heading so completely south, start ups are starting to tighten their belts.
Heck, look at Jeremiah Owyang’s tally of the Social Media layoffs recently:
Oct 10: Fast Company, which has social network for website and popular videoblogger, lays off 20
Oct 10: Seesmic, a video conversation player lays off 7
Oct 6: eBay to lay off 10% of workforce to streamline after recession.
Oct 3: Gawker blog network lays off 19, and brags about it.
Om …read more
