Comments on: What Impacts Have You Seen From the Financial Crisis? http://tynerblain.com/blog/2008/11/06/financial-crisis-impacts/ Software product success. Sun, 12 Feb 2012 19:10:25 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Scott Sehlhorst http://tynerblain.com/blog/2008/11/06/financial-crisis-impacts/comment-page-1/#comment-457147 Scott Sehlhorst Thu, 13 Nov 2008 03:29:12 +0000 http://tynerblain.com/blog/?p=755#comment-457147 Thanks April! April wrote an article about <a href="http://www.rocketwatcher.com/blog/2008/10/notes-from-a-conversation-with-a-dozen-cios.html" rel="nofollow">her participation on a CIO Advisory Board</a> a couple weeks ago, with more insights, and she updated it with a link to the results of CIO Magazine's survey for even more data. You should check it out. Thanks April!

April wrote an article about her participation on a CIO Advisory Board a couple weeks ago, with more insights, and she updated it with a link to the results of CIO Magazine’s survey for even more data. You should check it out.

]]> By: April http://tynerblain.com/blog/2008/11/06/financial-crisis-impacts/comment-page-1/#comment-456821 April Tue, 11 Nov 2008 04:25:50 +0000 http://tynerblain.com/blog/?p=755#comment-456821 Hi, Here are a few of the things I have seen: 1/ Startups I know have seen deals delayed but not lost. Customers are taking a wait and see approach to some enterprise software purchases. 2/ CIO's at larger companies we work with are very focused on driving revenue. Cost cutting projects are getting through but only with strong, measurable ROI. 3/ The large communications company that I work for is doing a massive restructuring, freezing merit increases, freezing travel and other things to try to dramatically cut costs. 4/ The CIO of a large financial exchange I talked to is actually increasing his IT spend dramatically so that they can keep up with the wild swings in the stock market (I figured those should be good for someone other than day traders). 5/ CIO's of the larger companies I work with are seeing dramatic price cutting especially on hardware. April Hi,
Here are a few of the things I have seen:
1/ Startups I know have seen deals delayed but not lost. Customers are taking a wait and see approach to some enterprise software purchases.
2/ CIO’s at larger companies we work with are very focused on driving revenue. Cost cutting projects are getting through but only with strong, measurable ROI.
3/ The large communications company that I work for is doing a massive restructuring, freezing merit increases, freezing travel and other things to try to dramatically cut costs.
4/ The CIO of a large financial exchange I talked to is actually increasing his IT spend dramatically so that they can keep up with the wild swings in the stock market (I figured those should be good for someone other than day traders).
5/ CIO’s of the larger companies I work with are seeing dramatic price cutting especially on hardware.

April

]]> By: Scott Sehlhorst http://tynerblain.com/blog/2008/11/06/financial-crisis-impacts/comment-page-1/#comment-456094 Scott Sehlhorst Fri, 07 Nov 2008 03:46:47 +0000 http://tynerblain.com/blog/?p=755#comment-456094 I've worked and spoken with several clients, potential clients, and friends in the software-creation industry over the last month. Here are some things I've seen in Austin, TX. <ul> <li>An early stage consumer internet start-up is seeing more pressure to manage burn-rate (cash expenditure). They are hiring, but keeping a tight rein on cash.</li> <li>A late stage b2b commercial start-up that is providing 12-month payback to their customers, and growing like gangbusters. They are hiring.</li> <li>A large computer manufacturer that is seeing demand weakness, and has enacted dramatic cost cuts. They are down-sizing.</li> <li>Another early stage consumer internet start-up is facing challenges getting funding and had to let some people go.</li> </ul> Projects that are focused on cost-reduction seem to be the most interesting for larger companies, while investments in growth seem to be the focus for smaller companies. Larger companies are delaying or canceling projects focused on top-line growth. What are you seeing in your corner of the world? I’ve worked and spoken with several clients, potential clients, and friends in the software-creation industry over the last month. Here are some things I’ve seen in Austin, TX.

  • An early stage consumer internet start-up is seeing more pressure to manage burn-rate (cash expenditure). They are hiring, but keeping a tight rein on cash.
  • A late stage b2b commercial start-up that is providing 12-month payback to their customers, and growing like gangbusters. They are hiring.
  • A large computer manufacturer that is seeing demand weakness, and has enacted dramatic cost cuts. They are down-sizing.
  • Another early stage consumer internet start-up is facing challenges getting funding and had to let some people go.

Projects that are focused on cost-reduction seem to be the most interesting for larger companies, while investments in growth seem to be the focus for smaller companies. Larger companies are delaying or canceling projects focused on top-line growth.

What are you seeing in your corner of the world?

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