I agree completely. I have done startups before during recessions, and never had any problems because of them. Cofounders are a little harder to find, at least those who listen to the gloomy news and are scared because of it. However, good cofounders are easier to spot during recessions.
Why to Start a Startup in a Bad Economy
111–120 of 204 posts
Agreed. Recessions flatten the mediocre but reward the great.
Re: Why to Start a Startup in a Bad Economy
#112Exactly my sentiments. Well said. Maybe you will like this video I made to express my sentiments.
http://sanjaydattatri.blogspot.com/2008/10/its-not-all-doom-...
Re: Why to Start a Startup in a Bad Economy
#113In my eyes an important factor is the psychological one where as an entrepreneur the ideas you have and the way you shape them tend to be more realistic in bad times then in hype times. I guess it is something of the survival nature.
Dudu
Re: Why to Start a Startup in a Bad Economy
#114the thoughts are very much in synch with what my mind revolves for the past few weeks. Nice indeed.
Re: Why to Start a Startup in a Bad Economy
#115Thank God, finally some reason in the room. Run lean + create value + Targeted marketing = Success = MarkTend.com
We were ahead of the curve on this one.
Michael Kassing MarkTend.com http://marktend.com
Re: Why to Start a Startup in a Bad Economy
#116I like how when PG writes an article, there about about double or triple the comments on hackernews compared to any other random submission.
The line I found most valuable, is the reason I first decided to start a company. 'Markets don't "reduce headcount."' the most security you can have is working for yourself... or the government... but I think most of the "startup types" dread the idea of the bureaucracy. We like the freedom to rise or fall based on our own abilities, the freedom to make something that is going to change the world. The majority of hackers I know are revolutionaries, not reformers.
Re: Why to Start a Startup in a Bad Economy
#117Thanks for a very good post.
Re: Why to Start a Startup in a Bad Economy
#118Interesting article: Your are absolutely correct about “the state of the economy doesn't matter much either way"---I personally believed that starting up a company in today's economy is an advantage because as you mentioned in your essay there are less competitors in the market place-which makes it easier to growth a business!! Ultimately, before you go into a business –it is necessary to do your research about the market and your competitors, such as, marketplace trends, problems with product and services, how problems can be corrected, get ideas for new products and applications-submit your own questions to discussion groups to get valuable feedbacks- it is up to the business owner to be successful.
Again, Thak you for your article www.empresademercadeo.com
Re: Why to Start a Startup in a Bad Economy
#119Why does a mediocre pep talk get so many karma points? Who is this Paul Graham?
Re: Why to Start a Startup in a Bad Economy
#120[deleted]