Why to Start a Startup in a Bad Economy

Personally I believe a recession is the best time to start a startup. Thinking of the amount of time and effort it takes to get a good startup going (typically), the economy could be coming out of a recession by the time you're ready to seek capital. Sure, you'll have to bootstrap, as angel investors will be far and few between, but it's definitley do-able.

I've got 3 different ventures going on right now that I've been working on for 2 years, 1 year, and 6 months, respectively. The one that's 2 years old I won't be ready for venture capital for another 2 years probably. The one that is a year old could theoretically be ready for funding in another year, and the 6 month old I'm hoping to not even seek funding, but to just grow from the ground up into a profitable business a year from now as well. The three somewhat interconnect and can use features of each other, which will hopefully help propel each towards success. Either way, I'm taking advantage of the current recession as best as I can. Pageviews are up, my alexa traffic rankings are going the right way, and revenues continue to increase. All good signs that sometimes it's a recession that helps startups. :-)

heh, as a self educated hacker from mississippi, with over 12 startups under my belt, you talk a lot of sense...

(8 dismal failures, twice wealthy, once almost made the rainbow)...

keep it up...

you're almost my hero... :-)

(really hard to beat out my father :-)

Interesting read...I just found an interview of a CEO of a business development firm who say the economy is BS. And in fact, it is not only a good time, but the BEST time, to start a business in a rough economy. You can call BS on his opinion even here: http://downtobusiness.com/bs-meter/start-business-bad-econom...

Chinese translation: http://www.ruanyifeng.com/blog/2008/12/why_to_start_a_startu...

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