February 2, 2009 11:14 PM PST

Angels flee from tech start-ups

The optimistic financiers who give entrepreneurs their first cash infusion are cutting back, threatening the technology economy.
(From The New York Times)

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Internet rate of growth has peaked.


Existing internet-based companies will have a hard time staying in business, much less new startups.
Posted by Broward Horne (88 comments )
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Many of the technology entrepreneurs I know here in Atlanta are bootstrapping their companies with their own money. They are working flexible full-time or even part-time jobs to pay the bills while finding other like-minded entrepreneurs to do the same. My company, Salestrakr, has not taken any outside funds. Yet, we have customers, growing monthly revenue and an ever improving product. Perhaps the exit of angels from the market will help to improve the quality of start-up technology companies.
Posted by newbrew (3 comments )
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