Guess What? Now's A Great Time To Launch A Startup

Startup incubator Y-Combinator cofounder Paul Graham says ignore the market — now’s a great time to start a company. Paul uses about 1,000 words to say it. Too many.

Here’s the bullet points version:

  • We may be in for a stretch as bad as the mid seventies — when Microsoft and Apple were founded. 
  • Someone who thinks “I better not start a startup now, because the economy is so bad” is making the same mistake as the people who thought during the Bubble “all I have to do is start a startup, and I’ll be rich.”
  • Think more about who you can recruit than the economy.
  • Microsoft’s first product was a Basic interpreter for the Altair. That was exactly what the world needed in 1975, but if Gates and Allen had decided to wait a few years, it would have been too late. If you have a specific idea you want to act on, act now.
  • That doesn’t mean you can ignore the economy. Make things that save money.
  • Investors are more of a problem. But that’s nothing new: startups always have to adapt to the whims of investors.
  • The way to make a startup recession-proof is to do exactly what you should do anyway: run it as cheaply as possible.
  • What if you quit your job to start a startup that fails, and you can’t find another? Good hackers can always get some kind of job.
  • Another advantage of bad times is that there’s less competition.
  • As a founder, you’re buying stock with work. And like any investor you should buy when times are bad.

(Photo by Tourist Republic)

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

sai-us startups