I’ve been somewhat “off” and offline recharging my batteries for the last 6-8 weeks…that, and moving to New Orleans. It’s been a good break that frankly after what I went through the past three years was much needed.
WhyGoSolo turned 1 on January 5th, 2009. It’s a hard pill to swallow to know the site has been live for a year and there’s been no real traction on it, yet. Tickets with a Twist was launched in August and nothing much has happened with it either, as of yet.
The move to New Orleans and getting another paying gig is to afford myself the opportunity to rewrite the business plan and shop it around for a seed round. I thought I would be able to do make things happen without a seed round, but I need to put a team together to be successful…and I need to be able to pay that team.
I feel better prepared to raise money, however; it’s a seriously tougher time to do it. Not only is it a tougher time to raise money…but evaluations for startups are down and thankfully I wasn’t thinking about a quick exit, because those are few nowadays and also much less profitable.
This is a good and shitty place to be. It’s a place where either things go to the next level or they come to an end. I rather it was the first and not the latter.
I don’t know how to describe this particular part of my entrepreneurial journey. What I know is that I have to continue to take steps forward…new steps based on things learned and walk in faith.
The next 6 months are going to be quite interesting. I have to walk in faith since I can’t even guess what twists and turns are in store. If I think about it…there’s just too much and I’ll drive myself crazy.
The plan is the rewrite the business plan in the next couple of weeks…keeping it simple, and straightforward. Once the plan is ready, I’ll leverage the contacts I’ve made the last couple of years to get it into the right hands and get prepared for the reactions.
Meanwhile, I’m going to keep things going with Yut Media, keep networking, blogging and exploring the web.
Stay tuned!! I’ll be reporting in what’s happening