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If you're in the fortunate position to have some capital during this crisis, this is an ideal time to start a soft-tech or low cost R&D intensive startup that c
by lend000 7y ago
If you're in the fortunate position to have some capital during this crisis, this is an ideal time to start a soft-tech or low cost R&D intensive startup that can be seeded remotely. Competition will be largely wiped out relative to supply of dollars and plenty of market share will be there for the taking when the world opens back up for business. I imagine there will be a disproportionate number of big winners that were founded in 2020.
- adammunich 7y agoI think you are right, lots of people will be bored and looking for something to do.
- sails 7y ago> to start a soft-tech or low cost R&D intensive startup that can be seeded remotely Can you unpack what you mean by that? I get the general gist of investing in the future, but think those are some interesting thoughts to explore.
- lend000 7y agoI basically mean a tech product MVP that can be built from your garage (or a few remote garages) in a few months without a huge amount of capital. So I'm not talking about hard-tech startups where social distancing and less investment capital will be affecting you, too (like automobiles or nuclear reactors), although if you are well positioned to build something in the crisis, then why not? But specifically, this is a tremendous opportunity for new software startups or hardware startups that can be built from off the shelf components.