Now is the time to invest
With all the recent sentiments of economic doom and gloom, many have begun questioning whether or not they should be investing, let alone begin a startup. To that I say “Nuts.”
I feel, now is the time to invest and generally speaking, it is always the right time for startups.
Founders who startup today will be forced through the gauntlet of major economic, social, and technological challenges before them, emerging tempered in their faith to change the world. That, or they wash out, and the survivors grow tougher for it. The surviving hardball Founders will be forced to run economically lean and capitally efficient just to stay competitive or alive. Granted, it is harder to start a company today and succeed, good companies will always be funded and great companies will always be built. A testament to this is Paypal, which grew and prospered during the last major recession.
The fact is technical constraints breed technological innovation while economic constraints breed organizational innovation. The companies that overcome both these constraints will be the titans of tomorrow.
Now is the time to invest in these Founders and their companies. Our titans of tomorrow.
Do you agree or disagree? We’d like to hear your thoughts.
Nice writing. You are on my RSS reader now so I can read more from you down the road.
Allen Taylor
I agree with you
I wrote about this! http://tinyurl.com/cvg3ge
I agree on some level, but I believe the marketplace is one of the key (if not the key) component in the success of a startup. The current economic climate and decreases in consumer spending leaves few booming markets. Aside from maybe mobile and gaming, I see few sectors that will see massive growth over the next 18 months. For every paypal, there were 1000 failures. That being said, I do agree that the elite teams will make it, and our economy recovers, well positioned companies will have strongholds. Where are you seeing growth markets?
[...] my last post “Now is the time to invest” the subject was broached in the comments that one of the primary keys to success for a startup was [...]
Hi Eric, thanks for your comments. I wrote another post based on it. I feel that all markets are growth markets. They are just in the process of evolving. Success will come from being there ready to react when the right time comes. In other words, building a company in any market can be successful, as long as you can survive to take success when given the opportunity.