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I'm not sure I follow that bad times being a good time to invest means that its a good time to start a company. Investors want a low price, but for founders I w

I'm not sure I follow that bad times being a good time to invest means that its a good time to start a company. Investors want a low price, but for founders I would have thought the amount of effort (price paid) is fairly much independent of the economy.

yummyfajitas 18y ago
Opportunity costs are lower. If the economy were good, the opportunity cost of building a startup would be a high paying job as a quant. Since it's bad, all I'm missing out on is a shot at postdoc #2 or a faculty position.