Sometimes mother and father are comforted by the notion that at least my poor sister seems to have a seemingly intelligent and sensible friend in Meghan.
Needless to say they were crestfallen to take a gander at this recent post:
Did the Internet Contribute to the Banking Crisis?
In my opinion, the Internet is one of the factors that led to the banking crisis because startups no longer need to raise large sums of money through banking or venture capitalists. Even in this highly competitive web startup era, companies don’t need much funding from banks to compete because of free software and host sites. My favorite part about being in the tech startup space is that the financial barrier to entry is so low. The web allows you to scale businesses without large funds. In short, this independence is ultimately a threat to banks.
Think about it, years ago starting a company required more funding with less free software resources than what we have at present. Companies like Scallyroo are great examples of what you can do with limited resources. In my own experience, I’ve learned that bootstrapping is sometimes the best choice in learning how to maximize creativity. I’m grateful to live in this adventuress time where inventiveness (especially when it comes to maximizing resources) rules.
Oh dear. These are adventuress times indeed.