It is again time to predict the new year. Wired has listed some technology trends for 2009. American National Venture Capital Association has predicted 2009 VC environment. Their approach is of course very much based on the traditional VC model. I think we can all agree that 2009 will be difficult year to get VC funding. But at the same time many entrepreneurs continue with their business ideas, many people lose their job and at least some of them have excellent ideas to create new business, and they have also learned how to make things in a better and more effective way. Internet and Mobile services are developing rapidly, and I believe this kind of environment really boost 2.0 services. So, definitely a challenge for these entrepreneurs is to get funding, not so much, but let’s say 50k to 300k to get service up and run and survive somehow.
I think this is the challenge that all of us, entrepreneurs, private investors, and people who want to be involved in new businesses, must tackle together in 2009. We must work together to find models that people who want to create new can find new models to work and also get funding. This is one key mission for Grow VC in this year, but this is something all of us must do together. We are a community that learn together and find new ways to do things. Definitely a part of this process is that Grow VC service for funding will be launched in this year.
