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Startups getting stood up venture capitalist and -- well -- this about less money.
For new companies funding down 12% since last year.
Morning Alvin I don't know much say physical demand for starters he by the way that CEO of the very popular web hosting company godaddy -- will be available this.
William O'Neill I don't always get worried about the quarter over quarter reports the fact of the matter is that there's still.
A very large amount of money coming in to start -- and particularly Internet startups I think that report showed about two -- -- 61 Internet startups.
A receiving quite a lot of money so.
We're pretty excited still by the fact that there's money flowing into new ideas and creativity.
And particularly in the Internet space.
But you know what's it just wanna look at these numbers -- you're right -- you can look at a variety of ways but one way is that -- really limiting their focus.
And -- he used to be not to venture -- and throw money at anything that would stick although there was a point.
In 2000 -- -- -- but I bet they're being very selective what do you make of where there are select.
Well listen I think there's -- times corrections right where the money will flow will flow more freely.
And then there's some sober second thought the money may tighten up it can be affected by macroeconomic conditions -- well.
But at the end of the day if you look at where the money flow is flowing whether it's into Internet companies other technologies.
They're still -- significant amount of money flowing into categories that are really driving.
The economy in fact just on Wednesday we -- a company outright dot com that was funded by Silicon Valley venture capitalists and now was part of godaddy.com.
On its error quid pro quo with this -- -- by that -- those sorts of his simplicity of the question other words he TC a lot of venture money going this way.
Then you see a clear bang for the buck within months a year life.
Well you know each company will have a different horizon on the time to return.
I think the thing to remember about venture capital is it's not like every single company of course that's being funded is gonna succeed.
They're making you know very sophisticated bets on categories and opportunities.
Some will fail.
Some will do okay in the -- be some home runs so you know it's sort of a constant process.
Great entrepreneurial ideas but not all -- make it fortunately you get some great ones that make it and they really change the way we live.
And that godaddy with with ten point four million customers we're seeing you know great entrepreneurial ideas every day from our small business customers.
You don't from the small business owners and those in this field your field.
What holds them back from -- right now we just set someone on earlier I was talking about well.
The rules regulations taxes going up it's not an environment which I wanna hire or expand my business what are you -- Well I think the biggest thing is always uncertainty -- right uncertainty about the future.
You know overall macroeconomic conditions regulation and the direction that governments will take.
Are always really casting a Pall on decision making by small business concept for -- and to no effect do you want.
We're still I mean we're happy to be growing double digits continuing to add new customers for -- small business base.
We are investing in -- technology in our workforce we actually today have.
At least fifty open positions for technical and corporate positions at godaddy.
So we're out there're investing to continue to grow and help our small business customers build bigger businesses so.
You know certainty is good for everybody but we've got a business that's growing quickly and we're gonna continue to fund it.
Good for you move your optimism thank you very much Warren -- It's got so godaddy CEO it's very assessment company.
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