Re:Why to Start a Startup in a Bad Economy (2008)
by fortuealex on Wednesday January 18, 2023 @01:36PM
(#34430877)
Eh, it depends.
Depending on your segment it may be easier to sell products in a recession. Tools which cut cost and are below a certain monthly spend actually become easier.
Hiring is MUCH MUCH easier.
Raising money is harder.
If you're pre-seed stage, in Silicon Valley, and the founders have a "good" background (the right companies, knowing the right people, etc), then sure you might raise a small round. If you're any later than that, or anywhere else in the world, you need results, and results don't come as easily in a recession.