Samstag, 4. Juli 2009

The financial crisis

Everybody seems to speak about the financial crisis. We can read daily on traditional companies like General Motors and banking institutions that have run into bankruptcy. Governments everywhere seem to invest incredible sums in order to save "systemcritical" companies from insolvency.

But which company is systemcritical?

What about startups? Why is nobody writing on the financing problems startups around the globe currently seem to encounter? Aren´t they also critical for our system? Why does no government currently invest money in order to boost entrepreneurship? What about the opportunities startups offer to society? Isn´t a crisis also a chance for renewal?

Being in the priviledged situation of working for a currently well-financed startup I am quite worried about the situation many other startups are confronted with. I wonder if it is healthy for a society to invest billions of Euros in "old economy" companies like car manufacturers in order to save them. Maybe we should think about giving the money directly to their employees so that they can start their own companies?

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