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Why to Start a Startup in a Bad Economy

Internet · 5m

In a bad economy, Paul Graham argues that the state of the economy is less crucial for startup success than the qualities of the founders. He asserts that starting a business during a recession can be advantageous, as technology progresses independently of market conditions. Founders should focus on building strong teams and acting quickly on ideas rather than waiting for better economic times. While investors may be more hesitant during downturns, startups can thrive by operating cheaply and creating cost-saving solutions. Ultimately, Graham emphasizes that the right founders will succeed regardless of economic conditions, urging them to seize opportunities without delay.