True not just for the Northwest but for venture capital everywhere these days; with the IPO market closed, firms need to race to get to positive cash flow. QOTD:
“The mindset of the entrepreneur has changed,” Gottesman says. “In IT, there’s more of a sense that you need to get to cash flow positive as quickly as possible. It’s a control-your-own-destiny mentality. That’s versus the attitude you might have seen in frothier times, which was that there’s always more money around the corner, so grow, grow, grow at all costs.”
