No New Ad Agency Clients
October 13, 2009
This recession is causing a bigger than expected long term problem. Venture beat is stating that VC Funding is at a 15-year low. If you really think about this, it’s a very long term problem. That means that there will be less companies out there to pitch, less of these VC funded firms will grow to the point where it needs an advertising agency.
This is a very long term problem, perhaps really becoming apparent within 3-5 years when the US is coming out of this mess, one industry that won’t be is the typical advertising agency… because with less well funded startups now it means less more established companies 5 years from now.. you know those firms, the ones that start their first attempt at advertising using their own revenue rather than seed and vc revenue.
Honestly this is one area I wish that we as a collective didn’t cut out from, with our current luck, one of these firms that never got funded otherwise would have turned into a Google.
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