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	<title>Comments on: Why the startup market is like the real estate market</title>
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	<link>http://www.fabricegrinda.com/business-musings/why-the-startup-market-is-like-the-real-estate-market/</link>
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		<title>By: Fabrice Grinda: Musings of an Entrepreneur &#187; VCs are not sheep - why VCs invest less during downturns</title>
		<link>http://www.fabricegrinda.com/business-musings/why-the-startup-market-is-like-the-real-estate-market/comment-page-1/#comment-6131</link>
		<dc:creator>Fabrice Grinda: Musings of an Entrepreneur &#187; VCs are not sheep - why VCs invest less during downturns</dc:creator>
		<pubDate>Thu, 20 Nov 2008 01:35:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=347#comment-6131</guid>
		<description>[...] a previous post, why the startup market is like the real estate market (http://www.fabricegrinda.com/?p=347), I explained that it takes time for entrepreneurs to adjust [...]</description>
		<content:encoded><![CDATA[<p>[...] a previous post, why the startup market is like the real estate market (<a href="http://www.fabricegrinda.com/?p=347" rel="nofollow">http://www.fabricegrinda.com/?p=347</a>), I explained that it takes time for entrepreneurs to adjust [...]</p>
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	<item>
		<title>By: Fabrice Grinda: Musings of an Entrepreneur &#187; What the financial crisis means to entrepreneurs</title>
		<link>http://www.fabricegrinda.com/business-musings/why-the-startup-market-is-like-the-real-estate-market/comment-page-1/#comment-6008</link>
		<dc:creator>Fabrice Grinda: Musings of an Entrepreneur &#187; What the financial crisis means to entrepreneurs</dc:creator>
		<pubDate>Tue, 14 Oct 2008 13:56:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=347#comment-6008</guid>
		<description>[...] I explained why startups should raise as much money as possible to prepare for the upcoming crisis (Why the startup market is like the real estate market). Now that the crisis has hit, we can examine what it means for [...]</description>
		<content:encoded><![CDATA[<p>[...] I explained why startups should raise as much money as possible to prepare for the upcoming crisis (Why the startup market is like the real estate market). Now that the crisis has hit, we can examine what it means for [...]</p>
]]></content:encoded>
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		<title>By: Fabrice Grinda</title>
		<link>http://www.fabricegrinda.com/business-musings/why-the-startup-market-is-like-the-real-estate-market/comment-page-1/#comment-5179</link>
		<dc:creator>Fabrice Grinda</dc:creator>
		<pubDate>Wed, 26 Mar 2008 16:23:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=347#comment-5179</guid>
		<description>Mike: 

I have been impressed with YCombinator. I am shocked that entrepreneurs are willing to give up so much for so little - and what they have been able to do with the little they get. 

I would definitely consider creating an early stage fund if I ever sell OLX. We&#039;ll see when the time comes, but it&#039;s definitely not for the near term. OLX is not viral so it&#039;s going to take a long time to build. Moreover, as long as I think I can build a multi-billion dollar company  and it&#039;s best for the company to remain independent, I am not selling it!</description>
		<content:encoded><![CDATA[<p>Mike: </p>
<p>I have been impressed with YCombinator. I am shocked that entrepreneurs are willing to give up so much for so little &#8211; and what they have been able to do with the little they get. </p>
<p>I would definitely consider creating an early stage fund if I ever sell OLX. We&#8217;ll see when the time comes, but it&#8217;s definitely not for the near term. OLX is not viral so it&#8217;s going to take a long time to build. Moreover, as long as I think I can build a multi-billion dollar company  and it&#8217;s best for the company to remain independent, I am not selling it!</p>
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		<title>By: mike</title>
		<link>http://www.fabricegrinda.com/business-musings/why-the-startup-market-is-like-the-real-estate-market/comment-page-1/#comment-5178</link>
		<dc:creator>mike</dc:creator>
		<pubDate>Wed, 26 Mar 2008 16:16:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=347#comment-5178</guid>
		<description>Fabrice,
   
    I am just wondering, but from this blog only, you provide excellent advice to aspiring and current entrepreneurs. You have excellent connections in technology, media, VC. 

I am wondering what your take is on something like a YCombinator? Would you ever consider starting something like that yourself. NY is a perfect place for this as there is a large gap in early stage investing with only 2-3 VCs involved in this space. 

I remember you posted an article where you did not want to be involved in the VC space since you are never sure if something will work or not. But Ycombinator usually invests something like 20-30K to kick around ideas. What is your view on it?</description>
		<content:encoded><![CDATA[<p>Fabrice,</p>
<p>    I am just wondering, but from this blog only, you provide excellent advice to aspiring and current entrepreneurs. You have excellent connections in technology, media, VC. </p>
<p>I am wondering what your take is on something like a YCombinator? Would you ever consider starting something like that yourself. NY is a perfect place for this as there is a large gap in early stage investing with only 2-3 VCs involved in this space. </p>
<p>I remember you posted an article where you did not want to be involved in the VC space since you are never sure if something will work or not. But Ycombinator usually invests something like 20-30K to kick around ideas. What is your view on it?</p>
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	<item>
		<title>By: Varangy</title>
		<link>http://www.fabricegrinda.com/business-musings/why-the-startup-market-is-like-the-real-estate-market/comment-page-1/#comment-5177</link>
		<dc:creator>Varangy</dc:creator>
		<pubDate>Wed, 26 Mar 2008 05:07:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=347#comment-5177</guid>
		<description>I will email you.</description>
		<content:encoded><![CDATA[<p>I will email you.</p>
]]></content:encoded>
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	<item>
		<title>By: Fabrice Grinda</title>
		<link>http://www.fabricegrinda.com/business-musings/why-the-startup-market-is-like-the-real-estate-market/comment-page-1/#comment-5176</link>
		<dc:creator>Fabrice Grinda</dc:creator>
		<pubDate>Wed, 26 Mar 2008 04:57:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=347#comment-5176</guid>
		<description>What does your startup do again?</description>
		<content:encoded><![CDATA[<p>What does your startup do again?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Fabrice Grinda</title>
		<link>http://www.fabricegrinda.com/business-musings/why-the-startup-market-is-like-the-real-estate-market/comment-page-1/#comment-5175</link>
		<dc:creator>Fabrice Grinda</dc:creator>
		<pubDate>Wed, 26 Mar 2008 04:57:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=347#comment-5175</guid>
		<description>I would spend as much as I can in the hot market without bidding against yourself and increasing your own costs. The reality is that there is only so much you can invest if you keep a close eye on the ROI. If country B is not working after you really tried, give it up.</description>
		<content:encoded><![CDATA[<p>I would spend as much as I can in the hot market without bidding against yourself and increasing your own costs. The reality is that there is only so much you can invest if you keep a close eye on the ROI. If country B is not working after you really tried, give it up.</p>
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	<item>
		<title>By: Varangy</title>
		<link>http://www.fabricegrinda.com/business-musings/why-the-startup-market-is-like-the-real-estate-market/comment-page-1/#comment-5174</link>
		<dc:creator>Varangy</dc:creator>
		<pubDate>Wed, 26 Mar 2008 04:55:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=347#comment-5174</guid>
		<description>Another question for you:

How do you decide how much to spend on marketing (Google ads, I presume) per market?  I suppose this a function of size and depth of market -- but all things being equal, let&#039;s say olx.com is hot in country A but not so hot in country b -- do you increase marketing in A or B?</description>
		<content:encoded><![CDATA[<p>Another question for you:</p>
<p>How do you decide how much to spend on marketing (Google ads, I presume) per market?  I suppose this a function of size and depth of market &#8212; but all things being equal, let&#8217;s say olx.com is hot in country A but not so hot in country b &#8212; do you increase marketing in A or B?</p>
]]></content:encoded>
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	<item>
		<title>By: Fabrice Grinda</title>
		<link>http://www.fabricegrinda.com/business-musings/why-the-startup-market-is-like-the-real-estate-market/comment-page-1/#comment-5173</link>
		<dc:creator>Fabrice Grinda</dc:creator>
		<pubDate>Wed, 26 Mar 2008 03:21:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=347#comment-5173</guid>
		<description>Keep bootstrapping. Make sure you don&#039;t need cash soon...</description>
		<content:encoded><![CDATA[<p>Keep bootstrapping. Make sure you don&#8217;t need cash soon&#8230;</p>
]]></content:encoded>
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	<item>
		<title>By: Varangy</title>
		<link>http://www.fabricegrinda.com/business-musings/why-the-startup-market-is-like-the-real-estate-market/comment-page-1/#comment-5172</link>
		<dc:creator>Varangy</dc:creator>
		<pubDate>Wed, 26 Mar 2008 02:21:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=347#comment-5172</guid>
		<description>What you recommend to anyone literally bootstrapping a start-up now?</description>
		<content:encoded><![CDATA[<p>What you recommend to anyone literally bootstrapping a start-up now?</p>
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