Chris Yeh of Adventures in Capitalism answers the question: “Who are the winners and losers when an economy is in recession?”
Losers
- Conferences
- Consultants
- Advertising-driven Companies
- Angel-funded Companies
- First-time Entrepreneurs/First-time VCs
- Anyone looking for money
Winners
- Online Porn/MMOs/Virtual Worlds
- Low Cost Providers
- People With Cash
- Bootstrappers
- Liquidators
As Chris says, “if you have a bootstrapped online porn company/liquidator that uses aggressive offshoring to reduce costs, drop me a line. I’d be interested in investing.”