Last Tuesday, I wrote about The Tufts $100K Business Plan contest and its upcoming semi-finals which occurred last Thursday night. 50 Plus solid teams of students and faculty who had completed detailed applications, provided business plans and videos were narrowed down to 15, who will now be moving on to the Finals to be held on April 13th 6:00-9:00 PM. I am looking forward to seeing you there! For more information on last Thursday and just superb examples of the reality of what true entrepreneurship is, please click here for our LinkedIn post.
Unfortunately, what has also occurred at exactly the same time is the very difficult situation caused by the mismanagement of the senior execs of Silicon Valley Bank, which continues to make waves in the tech market and will most probably cascade into the general banking community of small banks everywhere. Clearly a very tough situation, and for those of us who start and invest in companies, the reality of corrections we will now need to take will slow down what we should be doing at this time of year...which is figuring out how to better market and sell our products and services.
What we, as entrepreneurs, personally cannot control is the external banking environment and what will now assuredly result in in terms of tighter controls. For many weeks ahead, we'll listen to the histrionics of politicians, bankers and administrators pointing fingers at one another while mandating increased controls, and that, in turn, will hopefully reign in bad management.
https://www.brainshark.com/derbymanagement/vu?pi=zFGzu5funzFFz0
Just a few ideas to think about this morning while a different type of a wicked weatha' storm encompasses us here in Boston!
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Derby Entrepreneurship Center@Tufts.