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Why to Start a Startup in a Bad Economy

paulgraham.com

111–120 of 204 posts

Re: Why to Start a Startup in a Bad Economy

#111

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.

Agreed. Recessions flatten the mediocre but reward the great.

Re: Why to Start a Startup in a Bad Economy

#116
I 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

#118
Interesting 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
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