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Start Now: 6 Reasons Why This Economy Is Good For Startups
- petercooper 18y agoHe's not the first person to make this point in the last couple of months, but it bears repeating in case anyone's missing the point. I think some of the points are poorly timed though: The market is flooded with good people. I don't think it is. All of the truly good people I know are still gainfully employed or doing well with their own gigs. The economy hasn't hit that hard yet to force good people (and I don't mean "good people" in a virtuous way but a virtuosic way) back into hunting for a job. Ditto for all the "cheap stuff" the article mentions. Sure, there are some deals to be had now, but try in six months - it'll be nuts! What really makes the current time good for startups is not the economy, but the fear surrounding the economy. Google's clawing back the 20% time - a serious source of R&D for them - and many companies are reducing their research, halting the release of new products, etc. Work on that fear. Develop and research while other people aren't.. and you'll be in a really strong position by late 2009 or 2010.
- pwim 18y agoMaybe the good people aren't yet forced to look for new jobs yet. But cutbacks like Google's will encourage talented people to seek new opportunities.
- petercooper 18y agoI'd agree with that. They'll still be looking around their current salary bracket (or higher) though. The economy hasn't "bitten" enough yet for you to get good people at a discounted rate, and it probably won't get to that stage without some further significant crises.