Why to Start a Startup in a Bad Economy (2008)

Re:Why to Start a Startup in a Bad Economy (2008) by dgb23 on Wednesday January 18, 2023 @03:38PM (#34432729)

I agree with your caution. But the other side is that PG was right in 2008. Some of the big unicorn startups started around that time.

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Re:Why to Start a Startup in a Bad Economy (2008) by mambru on Wednesday January 18, 2023 @03:57PM (#34432965)

Survivorship bias?

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Re:Why to Start a Startup in a Bad Economy (2008) by travisjungroth on Wednesday January 18, 2023 @04:15PM (#34433180)

Not necessarily. If you say starting a company is great because you asked 10 post-exit founders what they thought and they said “lots of work but totally worth it” that’s survivorship bias. Founders that didn’t survive wouldn’t say the same thing. If you’re saying that founding a startup in a down economy is a good idea because of a higher chance of survival that’s not survivorship bias. The non-survivors aren’t ignored, they’re included in the rate calculation.

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Re:Why to Start a Startup in a Bad Economy (2008) by throwaway29812 on Wednesday January 18, 2023 @04:05PM (#34433064)

Without data on industry wide startup failures year over year, impossible to say. But most likely yes.

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