2007DEC131726
"... The economy seems to be heading to a recession, but how will this affect the internet startup world? ..."
I remember reading somewhere on the Internet that one way to solve problems was to "redefine" them. [0] So try thinking "reasons you should start a startup". I can think of a few straight off.
- the coder pool is going to increase as businesses close or lay off extra staff.
- rents on property are going to be cheaper
- consumers are probably going to tighten the strings and shun payment to services of dubious value
as opportunities, credit dries up, creators are really going to have to re-evaluate "what users want", now. Not pre-crash or recession. now you have to be frugal out of necessity :)
The advantage here is the rules of the game change. And change quickly. Where there is change there is opportunity as yesterdays "new ideas" become mainstream and relegated to the history of technology. Thats one theory. The other is in the hiatus the chance to build new technology and ideas has some breathing room to grow.
I'd also like you to consider the "future effect" of the current boom. A backlash is coming for those working in "safe, secure jobs" where market demand wane. I found this in the Australian press [1] and read as follows:
"... Michael Warrilow, Managing director of IT advisory company Hydrasight, believes today's tight labour market may be creating resentment among employers who have made pool-playing, T-Shirt wearing and all-day-Facebooking a part of the work 2.0 experience ..." [2]
and then continues ...
"... Generation Y will be appeased for as long as we continue with low unenployment... Once employers have more choice, there will be a backlash against their behaviour." [3]
I can think of no better time to start a startup and it gives you a new reason to say to your folks, "At least it's not selling real-estate".
Reference
[0] Paul Graham, "Ideas for Startups: Wealth, 12 paragraphs down"
http://www.paulgraham.com/ideas.html
[1] A more conservative market to the US. But I have no doubt that VC's are also sharpening their knives.
[2], [3] Simon Sharwood, "The Age Newspaper, Next, Tuesday, 11 December 2007"
http://www.theage.com.au/news/technology/fast-forward-to-08/2007/12/03/1196530575337.html
next >>>
2007DEC131726
"... The economy seems to be heading to a recession, but how will this affect the internet startup world? ..."
I remember reading somewhere on the Internet that one way to solve problems was to "redefine" them. [0] So try thinking "reasons you should start a startup". I can think of a few straight off.
- the coder pool is going to increase as businesses close or lay off extra staff.
- rents on property are going to be cheaper
- consumers are probably going to tighten the strings and shun payment to services of dubious value
as opportunities, credit dries up, creators are really going to have to re-evaluate "what users want", now. Not pre-crash or recession. now you have to be frugal out of necessity :)
The advantage here is the rules of the game change. And change quickly. Where there is change there is opportunity as yesterdays "new ideas" become mainstream and relegated to the history of technology. Thats one theory. The other is in the hiatus the chance to build new technology and ideas has some breathing room to grow.
I'd also like you to consider the "future effect" of the current boom. A backlash is coming for those working in "safe, secure jobs" where market demand wane. I found this in the Australian press [1] and read as follows:
"... Michael Warrilow, Managing director of IT advisory company Hydrasight, believes today's tight labour market may be creating resentment among employers who have made pool-playing, T-Shirt wearing and all-day-Facebooking a part of the work 2.0 experience ..." [2]
and then continues ...
"... Generation Y will be appeased for as long as we continue with low unenployment... Once employers have more choice, there will be a backlash against their behaviour." [3]
I can think of no better time to start a startup and it gives you a new reason to say to your folks, "At least it's not selling real-estate".
Reference
[0] Paul Graham, "Ideas for Startups: Wealth, 12 paragraphs down"
http://www.paulgraham.com/ideas.html
[1] A more conservative market to the US. But I have no doubt that VC's are also sharpening their knives.
[2], [3] Simon Sharwood, "The Age Newspaper, Next, Tuesday, 11 December 2007"
http://www.theage.com.au/news/technology/fast-forward-to-08/2007/12/03/1196530575337.html
next >>>