3 ms·
I feel like the headline mis-states the actual case - and implies something that people believe but probably isn't true. Which is that it's better to found a c
by Traster 4y ago
I feel like the headline mis-states the actual case - and implies something that people believe but probably isn't true. Which is that it's better to found a company in a recession. I don't see any reason to beleive that, and it's certainly not the case for most companies.
The obvious thing though is that the only really important things are: Are you reliant on discretionary consumer spending, and are you dependent on investment capital. If either of those two things are true you're going to have a tough time during a recession.
- rmbyrro 4y agoUnless you find a way to print dollars, I don't see much option besides those two. What would be the alternative to revenue or capital to pay the bills?
- imachine1980_ 4y agoIf you are a tool to cut spending for companies maybe not as bad tool for automatically reduction billing in aws,as trying to sell 500 headphones.
- lelanthran 4y ago>> Are you reliant on discretionary consumer spending, and are you dependent on investment capital. If either of those two things are true you're going to have a tough time during a recession. > Unless you find a way to print dollars, I don't see much option besides those two. Selling to government, selling to business (B2B). If you're starting a company that does either of those two things, the risk is generally a lot lower because you'll have your first customer before you even start the company.
- rmbyrro 4y agoAh ok, the comment referred specifically to B2C, not B2B.