The global economic crisis is causing concern for businesses everywhere, in every stage of growth.  People have been asking me how it’s impacting Viget, and the short answer right now is “not much,” thankfully.  We’ve never relied on credit to run the business (unless you count me living on my credit card in the early days) and we continue to bring on solid, stable, paying clients who need our services.  We do a lot of work with start-ups, though, and conventional wisdom is that those start-ups are having trouble raising money.

I had breakfast recently with a guy running an early-stage company.  He said something interesting that others have echoed since.  In looking to move money out of the very volatile stock market, one of his angel investors decided to put more money into his early-stage business than he had expected.  Simply put, the start-up was a safer bet.  So, while VCs may be tightening up, the environment for raising angel funding could be better right now for the right start-ups.

What’s the right start-up?  That’s probably another blog post, but I can say that experience clearly matters.  The guy I had breakfast with has had a couple of successful exits, which goes a long way to addressing the risk factor for an investor.