. NY:MIEG Event Addresses Causes of Current Economy
At this morning's NY:MIEG breakfast: “The Economic Downturn and its Impact on the Media & Entertainment Sector,” venture capitalist David Rose explained that his investment firm, New York Angels, is "really only looking at businesses that can get to profitability” and show growth on their own, relying on another round of investment in 2-3 years.
Despite this current scenario, Rose and the other panelists shared reasons for optimism, which include lower costs for starting a business, bigger pools of talent available and lower NYC rents. The general consensus was that, though the timing remains an unknown, the economy will come back.
The event was moderated by Dale Peskin, managing director & co-founder, iFocus. In addition to Rose, other panelists included Andrew Cleland, executive director alliances and technology, Time Warner, Inc., and Robert Raciti, senior VP, industry strategist, GE Commercial Finance: Media Communications, and Entertainment Business.
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> VC David Rose to Discuss Affect of Economy on Media
> Videos from Yesterday's NY:MIEG Event Available Online
[Editor's Note: Dorian Benkoil, founder of Teeming Media, contributed to this post. Please click here to read his account. Also, NY:MIEG is a current client of Trylon SMR.]
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