As bad as the mid '70s? The commentators I'm reading are talking about the '30s.
Why to Start a Startup in a Bad Economy
181–190 of 204 posts
Re: Why to Start a Startup in a Bad Economy
#182I am of the same opinion. You may want to check out my new book, Entrepreneur Journeys (Volume One):
http://www.sramanamitra.com/2008/09/09/entrepreneur-journeys...
Sramana
Re: Why to Start a Startup in a Bad Economy
#183Good article with few wisdoms.
It is all about mind over matter.... good or bad.... A positive minds looks at problems as opportunities and other mind vice versa...
As you mentioned the success or failure depends on founders rather than outside....
Re: Why to Start a Startup in a Bad Economy
#184pg was a lot more fun when he used to talk about other things than making money all the time.
One of the strange consequences of writing about several mostly unrelated topics is that you pick up readers with quite different interests. Then whatever you write next, the ones not interested in that topic complain that you've jumped the shark. I doubt I've written a single essay since about 2002 when someone didn't say something of the form "pg was ok when he was writing about x, but I wish he would stop writing…
Incidentally, if you had to pick a single rubric by which you could gauge the eventual interestingness of an agent of change, you could do a lot worse than profitability.
I'm guessing a lot of the revolutionaries in the Industrial Revolution weren't thinking so much about causing a revolution. They were "just" trying to get rich.
Re: Why to Start a Startup in a Bad Economy
#185I think this is spot-on Mr G. I wrote a similar blog recently, although targeted more broadly than just IT: http://www.aliveworld.com/members/pengo01/blog/archive/2008/...
Re: Why to Start a Startup in a Bad Economy
#186This is off topic, but this seems to be something PG would be interested in. I would like to see his take on the idea.
www.overcomingbias.com/2008/11/fund-ubertool.html
Re: Why to Start a Startup in a Bad Economy
#187Thats exactly what i have done
www.abhayatech.com
Re: Why to Start a Startup in a Bad Economy
#188I just went ahead and did it, irrespective of what the economy was doing. Twice, no four times. On two continents. Damn the torpedoes and all that. OK, I did niche consulting and picked a business model which very much tried to save the client money. Problem is that niches come and go, and the challenge now is to find a new racket.
I suppose I could try inventing something new. Now is a great time to do it. Of course, I will probably fail, but so what. If I make time to do it, I will certainly have at least a bit more time to ride my bike around and stall that looming congestive heart failure.
But seriously, if you have a little bit of cash, or better, still have a bit of cash coming in, extra help won't get any cheaper than it is now. If I'm in Europe, I'll outsource to the USA.
We never tried to make money - it just happened. Sure, it was much closer to Stallman than Billy Goat, but it paid for the house and will send my kid to MIT.
Re: Why to Start a Startup in a Bad Economy
#189Great post Paul. There will always be room for good ideas that actually solve problems. If you position the start-up now, it will be ready to reap even greater rewards as the economy recovers.
Re: Why to Start a Startup in a Bad Economy
#190Awesome article...I feel the same way & that's why I took the opportunity to start my fantasy sports company this year.
Great read!!!
www.funtasyfootball.com www.passitdeep.com www.letsgodeep.com www.marchdeep.com