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Downturns is the best time to build a startup. When things turn around, you hopefully have found product market fit and can ride the up wave.
by martin_drapeau 3y ago
Downturns is the best time to build a startup. When things turn around, you hopefully have found product market fit and can ride the up wave.
- kgoihawoerh 3y agoDon't start a startup as a business unless you know how startups work from the inside. Also, unrelated to startups but with products individuals are probably not "in" on the market, so will fail even with excellent products and marketing. You can't be an outside participant and succeed (although inside may notice outside and bring them in). Maybe if a small customer base is enough for you as an outsider you can succeed.
- JohnFen 3y agoThis is so true that when I'm planning on starting a new business, I intentionally wait for a downturn before I pull the trigger.
- johnnyanmac 3y agoif you have the finances already to support a startup. The big issue in downturns is that VC money also dries up and hunkers down.