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Just because there might be a bubble doesn't mean that all startups will autofail. However, if I ran a startup with ads as my main source of revenue, I would be
by arkitaip 16y ago
Just because there might be a bubble doesn't mean that all startups will autofail. However, if I ran a startup with ads as my main source of revenue, I would be worried as advertising budgets are the first thing to be axed in a crisis.
For entrepreneurs crashes are the best times to innovate and launch new ventures because while everyone else is angsting about cutbacks and surviving just another day, the entrepreneur can launch lean businesses and products AND usually get great deals on people, equipment, office space, services, etc.
- iqster 16y agoDo you mean crashes are the best time? During bubbles everything gets more expensive. I agree that a bubble doesn't mean all startups with autofail. I would like to learn from the past and understand what worked.
- arkitaip 16y agoYes, I meant crashes. Fixed. Thank you. I seriously doubt that modern democratic-capitalist societies as a whole can avoid bubbles. Individual business owners OTOH can not only survive but also thrive in the aftermath given that some basic conditions are meet.