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	<title>HipMojo.com</title>
	<link>http://watchmojo.com/web/blog</link>
	<description>Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&#038;A, Financing, VCs</description>
	<pubDate>Fri, 20 Nov 2009 15:29:08 +0000</pubDate>
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		<title>WatchMojo.com&#8217;s Position on the Economic Slowdown</title>
		<link>http://watchmojo.com/web/blog/index.php/2008/10/28/watchmojocoms-position-on-the-economic-slowdown/</link>
		<comments>http://watchmojo.com/web/blog/index.php/2008/10/28/watchmojocoms-position-on-the-economic-slowdown/#comments</comments>
		<pubDate>Wed, 29 Oct 2008 01:03:20 +0000</pubDate>
		<dc:creator>Ashkan Karbasfrooshan</dc:creator>
		
		<category><![CDATA[Internet &#038; Web]]></category>

		<category><![CDATA[Startups]]></category>

		<category><![CDATA[Management]]></category>

		<category><![CDATA[WatchMojo.com]]></category>

		<category><![CDATA[Entrepreneurship]]></category>
<category>Entrepreneurship</category><category>Internet &amp;#038; Web</category><category>Management</category><category>Startups</category><category>WatchMojo.com</category>
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		<description><![CDATA[It&#8217;s Time&#8217;s turn, apparently.
It seems like every other conversation we have, someone asks me how the economic slowdown (or more like a clusterf*** to the poorhouse) is affecting our business.  Here is a typical exchange:
Someone else: How&#8217;s the crisis gonna impact your business?
Me: We&#8217;ll win some business (because less people have the appetite to produce [...]]]></description>
			<content:encoded><![CDATA[<p>It&#8217;s <em>Time</em>&#8217;s <a href="http://www.nytimes.com/2008/10/29/business/media/29mag.html?partner=rssnyt&amp;emc=rss" target="_blank">turn</a>, apparently.</p>
<p>It seems like every other conversation we have, someone asks me how the economic slowdown (or more like a clusterf*** to the poorhouse) is affecting our business.  Here is a typical exchange:</p>
<blockquote><p>Someone else: How&#8217;s the crisis gonna impact your business?</p>
<p>Me: We&#8217;ll win some business (because less people have the appetite to produce so they turn to <a href="http://www.watchmojo.com/" target="_blank">us</a>) and we will lose some (because people are careful with cash).  But net-net, since <a href="http://watchmojo.com/web/blog/index.php/2008/10/28/you-can-over-hire-but-can-you-over-fire/" target="_blank">we did not raise mountains of VC cash</a>, it&#8217;s consistent and progressive growth.</p>
<p>Someone else: Right, less competition and even less people thinking about starting up.  That&#8217;s a good thing, but the problem might be the costs of keep developing new and attractive content.</p>
<p>Me: For us in Montreal it&#8217;s not an issue, costs are down, but if you are in NY, SF, LA - creating high quality content at a reasonable cost now is impossible.</p>
<p>Someone else: Yeah, you&#8217;re right.  We&#8217;ve cut down some expenses.</p></blockquote>
<p>There you have it.  I&#8217;d like to cut some expenses, too&#8230; but we never beefed up on expenses, so short of diluting the office coffee, I don&#8217;t know where to start.</p>
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