Will the current political situation affect your business?
Valdis Takeris
1 reply
We are all aware of what's going on globally right now. I mean - the political situation, the war in Ukraine, etc. Many individuals are added to the sanctions lists, millions of people are worried about the situation, lots of innocent people, unfortunately, are killed.
I wanted to find your - the startup people opinion about this situation. What do you think how will it affect the micro and the small business world? What's your opinion about that?
Replies
I think most industries experience delayed effects unless they are bleeding edge. The invasion of Ukraine will effect everyone, if not now, then soon. Global leaders are trying to keep the conflict contained to that Ukraine in an attempt to cap the magnitude of economic effects, but I don't know how long they are going to be able to. Conventional conflicts often embolden other aggressors. But if you want a real gauge, I would look at what the VC firms are doing. They have the best high level view, (most of the times), and based on how they invest and exit in the upcoming months will indicate the true impact on the global SMB market.
But I am just guessing. It's hard to see the forest through the trees.