Monday, May 18, 2009
Bad Time To Start A Company?
The economy is in a bad shape. Banks are not lending like they used to. Investors are cranky. Venture capitalists are nervous. The unemployment rate is high and going higher. If you have a tech startup in mind, is this a time to lay low? Or is this precisely the time to barge forth?
I am going to argue now rather than two years earlier is the right time to embark on a truly ambitious company. Microsoft got launched during the stagflation of the late 70s, as did Apple, and Oracle. Companies launched during the 30s went on to define an era. This is good time. All you need is fire in your belly. Only don't let angels and investors blackmail you.
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