This link has been bookmarked by 34 people . It was first bookmarked on 16 Oct 2008, by Chuck Brands.
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08 Apr 09
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10 Mar 09
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When Microsoft and Apple were founded.
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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. The
economy has some effect, certainly, but as a predictor of success
it's rounding error compared to the founders. - 7 more annotations...
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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. -
you should think far more
about who you can recruit as a cofounder than the state of the
economy -
Startups often make things cheaper, so in
that respect they're better positioned to prosper in a recession
than big companies. -
run it as cheaply as possible
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The immediate
cause of death in a startup is always running out of money. So the
cheaper your company is to operate, the harder it is to kill -
You're an investor too. As a founder, you're buying stock with
work -
And like any investor you
should buy when times are bad.
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09 Jan 09
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07 Nov 08
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28 Oct 08
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23 Oct 08
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21 Oct 08
Gary EdwardsIf we've learned one thing from funding so many startups, it's that they succeed or fail based on the qualities of the founders. The economy has some effect, certainly, but as a predictor of success it's rounding error compared to 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. Someone who thinks "I better not start a startup now, because the economy is so bad" is making the same mistake as the people who thought during the Bubble "all I have to do is start a startup, and I'll be rich."
So if you want to improve your chances, you should think far more about who you can recruit as a cofounder than the state of the economy. And if you're worried about threats to the survival of your company, don't look for them in the news. Look in the mirror. -
20 Oct 08
Marc HarrisonThe economic situation is apparently so grim that some experts fear we may be in for a stretch as bad as the mid seventies.
When Microsoft and Apple were founded.
As those examples suggest, a recession may not be such a bad time to start a startup. I'm not claiming it's a particularly good time either. The truth is more boring: the state of the economy doesn't matter much either way.
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. The economy has some effect, certainly, but as a predictor of success it's rounding error compared to the founders. -
18 Oct 08
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17 Oct 08
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Antonio Tombolini"The truth is more boring: the state of the economy doesn't matter much either way.
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. The economy has some effect, certainly, but as a predictor of success it's rounding error compared to the founders.
Which means that what matters is who you are, not when you do it." -
Andy BrudtkuhlThe economic situation is apparently so grim that some experts fear we may be in for a stretch as bad as the mid seventies.
When Microsoft and Apple were founded.
As those examples suggest, a recession may not be such a bad time to start a startup. I'm not claiming it's a particularly good time either. The truth is more boring: the state of the economy doesn't matter much either way.
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. The economy has some effect, certainly, but as a predictor of success it's rounding error compared to the founders. -
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Which means that what matters is who you are, not when you do it.
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nd if you're worried about threats to the survival of
your company, don't look for them in the news. Look in the mirror. - 3 more annotations...
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And if you're worried about threats to the survival of
your company, don't look for them in the news. Look in the mirror. -
But if you have a specific idea you want to
act on, act now. -
You have to be a contrarian to be correct, and
by definition only a minority of investors can be.
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Miriam SchwabExplains why it's a good idea to start a company during bad times.
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16 Oct 08
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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. The
economy has some effect, certainly, but as a predictor of success
it's rounding error compared to the founders. -
That doesn't mean you can ignore the economy. Both customers and investors
will be feeling pinched. It's not necessarily a problem if customers
feel pinched: you may even be able to benefit from it, by making
things that save money.
Startups often make things cheaper, so in
that respect they're better positioned to prosper in a recession
than big companies. - 3 more annotations...
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Fortunately the way to make a startup recession-proof is to do
exactly what you should do anyway: run it as cheaply as possible.
For years I've been telling founders that the surest route to success
is to be the cockroaches of the corporate world. The immediate
cause of death in a startup is always running out of money. The
cheaper your company is to operate, the harder it is to kill.
Fortunately it has gotten very cheap to run a startup, and a recession
will if anything make it cheaper still. -
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. -
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.
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