Bad Economy and Startups / Entrepreneurship

November 12, 2008 § Leave a comment

Excerpts from Paul Graham
 
 

Paul Graham

Paul Graham

 

If we’ve learned one thing from funding so many startups, it’s that they succeed or fail based on the qualities of the founders.

 


Which means that what matters is who you are, not when you do it.If you’re the right sort of person, you’ll win even in a bad economy. And if you’re not, a good economy won’t save you. 

Fortunately the way to make a startup recession-proof is to do exactly what you should do anyway: run it as cheaply as possible.

So maybe a recession is a good time to start a startup. It’s hard to say whether advantages like lack of competition outweigh disadvantages like reluctant investors. But it doesn’t matter much either way.
It’s the people that matter. And for a given set of people working on a given technology, the time to act is always now.

Visit for full article – www.paulgraham.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading Bad Economy and Startups / Entrepreneurship at Chennai Startup - Great Minds Dicuss Ideas.

meta

%d bloggers like this: