Startup Meltdown?

One of these days, those who have activated PayUmoney wallet would have received a message that your wallet has been disabled since January 31st because they are shutting down, adding one more to the long list of casualties from the startup boom that continued the last few years. Each may have their own reasons for failure. But the reality is funds are drying up and there will be less me-too startups. The ones who survive and thrive will be the one with a clear long-term plan.

A couple of years ago if you would have privately asked some of your friends who was bitten by the so-called "startup bug" their real objective, he should have answered, "get funding, sell stocks, exit". That was typically the plan of most of the entrants to the fray. But that window is almost shut. Nobody is throwing a free party anymore. And without a business model that is robust, innovative, proven profitable, there can be no dream of getting funded. Above all long-term commitment and skin in the game has become absolute prerogative.

So get prepared to see more PayUmoney's shutting their shop, any many resumes hitting you with experience of startup.