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Uncommon. You're right. This advice just doesn't work for most startups. If you're pre-seed stage, in Silicon Valley, and the founders have a "good" background
by danpalmer 4y ago
Uncommon. You're right. This advice just doesn't work for most startups.
If you're pre-seed stage, in Silicon Valley, and the founders have a "good" background (the right companies, knowing the right people, etc), then sure you might raise a small round. If you're any later than that, or anywhere else in the world, you need results, and results don't come as easily in a recession.
- fortuealex 4y agoEh, it depends. Depending on your segment it may be easier to sell products in a recession. Tools which cut cost and are below a certain monthly spend actually become easier. Hiring is MUCH MUCH easier. Raising money is harder.