Interesting thoughts from Paul Graham at Y-Combinator on why now is not such a bad time to start a start-up (it matters who you are, not when you do it), how to make your start-up recession-proof and what your mindset should be, as both an investor and a founder, in dealing with these troubling economic times. This post is a must-read for all aspiring entrepreneurs and we’ll be doing something with this theme at our next event (which we’ll be announcing shortly).
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November 21st, 2008 at 4:03 pm
Excellent find Na’im! This is great advice from Paul Graham. The next a couple of years will force new startups to keep their burn rates low (which they should be doing anyways) and be laser focused on what brings money in the door. In the end this economy should help Vancouver and the rest of North America produce better and smarter entrepreneurs. Look what came after the last bubble: Facebook, Youtube etc. It’s going to be a fun time watching diamonds come out of the rough.