This afternoon I attended a talk on the current investment environment. Given the past 7 or so years have been in the shadow of 2008 there was a fair amount of history covering the events leading up to the financial meltdown.
The fact I am working for Rainbird is a direct result of that meltdown. Until 2008 I was working for a large investment bank in London. I actually did quite well out of the crisis, but I was one of the lucky few. Many people suffered, including those in the industry. And it wasn’t just financially. I know people who are still broken after the banking system chewed them up and spat them out.
Which got me thinking. Techstars is an incredibly intense, incredibly stressful period. Teams and individuals are put under immense pressure. I look around the cohort and see the cracks. People are digging deep within themselves – deeper perhaps than they ever had before. And the pressure is just going to increase while the clock continually ticks down to Demo Day.
What happens if someone breaks? Hopefully no-one will, and it will remain a hypothetical question, but it does make you think.
And since I’ve just put a massive downer on things, here’s a picture of a rabbit with a pancake on its head.