Bad Timing Could Be Good Luck For Technology Startup
from the yes,-of-course... dept
A topic that has come up a few times over the past couple of years is that "real" entrepreneurs don't care if there's a downturn on - and, in fact, may thrive in such an environment. Everything is much cheaper now. People, offices, services... everything. The Associated Press is running a story about a San Francisco startup trying to get by in the downturn as if they're the only company doing so. They're not (though, they apparently have good PR people - this is the second time we've written about them). There are plenty of new startups chugging along these days, who are doing what real entrepreneurs do: taking advantage of an opportunity. If they can come up with a good product and a good business model, now is the time to do it. Without having a big VC-backed cushion, companies are forced to keep their expenses down and really focus on selling a product that makes money. It builds much stronger companies.
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