While an economic downturn could impact a start-up’s ability to raise capital, the co-founder of navigation app Waze said entrepreneurs should be ready to adapt as it could last up to three years.
While an economic downturn could impact a start-up’s ability to raise capital, the co-founder of navigation app Waze Mobile Ltd. said entrepreneurs should be ready to adapt as it could last up to three years.
“There are a lot of [financial] crises that usually go from the prime market into the IPO [initial public offering] market, and therefore into venture capital funding and start-ups; and it takes about two or three years for each one of them,” Levine said. He added that if entrepreneurs can’t raise new capital, then they downsize the company in “order to meet the revenues that you have, and you will reach profitability with the amount of money that you do have.”
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