Why to Start a Startup in a Bad Economy

Re:Why to Start a Startup in a Bad Economy by incomethax on Thursday October 16, 2008 @10:45AM (#334485)

While exit strategies might be fewer during a recession, the point of starting now is that the economy will (hopefully) be out of the recession by the time you want to exit (typically beyond 12-18 months).

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Re:Why to Start a Startup in a Bad Economy by pg on Thursday October 16, 2008 @02:57PM (#334785)

Yes. Startups generally take 3-5 years to succeed. The economic situation that far ahead is effectively random, so you can discount it.

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Re:Why to Start a Startup in a Bad Economy by fallentimes on Thursday October 16, 2008 @07:49PM (#335107)

Just curious, how do you define succeed? Founders becoming millionaires or?

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Re:Why to Start a Startup in a Bad Economy by jon_dahl on Thursday October 16, 2008 @11:08AM (#334508)

Agreed. With some exceptions, startups are more like marathons than sprints. Investors often look for an exit in ~5 years, while too many founders think that they'll be out, as a success or failure, in 18 months.

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