Confused about the title?!?!

Since all we hear in the news is the economic crisis we are going to do another article about it.  It is hard for many of us to believe that we are not part of the crisis.  Many of us think about how we fit in the crisis and how it is affected us.  But what we need to be thinking is how can we use it to our advantage.  James Flanagan of The New York Times wrote, “In the midst of this global economic crisis a substantial number of entrepreneurs, investors and venture capital financiers are interested in starting a company.” Hmm… lifting your spirits yet?

Although finding money may be difficult, entrepreneurs are digging further and looking for alternatives.  Two former executives out in California just started a Pharmaceutical company in hopes to aid developing country’s fight disease (Cure Pharmaceutical L.L.C.).  They need about $3 million and will be putting some of their own money in it, but also looking for funding through grants.  They have contacted the Bill & Melinda Gates Foundation in hopes for help.

Another California based company, Big Stage Entertainment is only two years old and has been able to get about $11 million in funding.  This company has a great concept.  “At BigStage.com, you can easily create a sophisticated, life-like 3-D model of your face.”  Phil Ressler, the company president, has done a great job finding capital.  He made a great point: “In bad times you have to move forward; you can’t save your way to success.”

Maybe it is possible to start a company during this so called “CRISIS.”

They found money, now it is your turn.  If you can come up with a great idea, you can come up with great ways to find capital.

Read the Full Article in the NY Times