Sign inJoin
16
5 Comments

Why to start a startup in a bad economy

by Charlie Box
http://paulgraham.com/badeconomy.html
Charlie Box's avatarCharlie Box
submitted this linkon March 16, 2020
Say something nice to charliebox…
Post Comment
  1. 10

    It's incredible how now reading about "looking for investors" makes me laugh.

    Why would you want to find inverstors. Just build products that are simple and profitable ASAP and grow from there. :D

    mpodlasin's avatar mpodlasin
    ·
    7 years ago
    ·
    Reply
    1. 3

      I agree. While Paul Graham is incredibly smart and insightful, he dishes advice that's biased (encouraging us to take investment when most of us won't need to, at least not initially).

      simplisticallysimple's avatar simplisticallysimple
      ·
      7 years ago
      ·
      Reply
    2. 1

      Not all startups are created equally. It's true, some founders run after VCs even though they don't need to raise money.

      As a non-technical founder it can be difficult to materialize your idea without some sort of funds (be it personal funds or outside investment).

      flow34's avatar flow34
      ·
      7 years ago
      ·
      Reply
  2. 3

    Another advantage of bad times is that there's less competition. Technology trains leave the station at regular intervals. If everyone else is cowering in a corner, you may have a whole car to yourself.

    My favourite part. Thanks for sharing.

    aliakhtar's avatar aliakhtar
    ·
    7 years ago
    ·
    Reply
  3. 1

    An oldie, but maybe still relevant?

    Charlie Box's avatar Charlie Box
    ·
    7 years ago
    ·
    Reply