Great read Why Start a Startup in a Bad Economy by Paul Graham.

Which means that what matters is who you are, not when you do it. If you’re the right sort of person, you’ll win even in a bad economy. And if you’re not, a good economy won’t save you. 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.”

You have to agree. If the entrepreneur has what it takes, he/she will succeed anyhow in good and bad economies. If he/she don’t have what it takes regardless of the economy, will fail anyways.

But it is not just about the entrepreneur having what it takes; it is about the whole package: the ideas + monetization plan for it + the people/team + the reality of things + timing.

We are in some bad times, but there is money out there. Funds will continue to be distributed, yes very carefully, but will continue. As long as your solution goes beyond cool, provides value and again there is a monetization plan and reality, and the company doesn’t kill itself from the inside, you will be fine.

It is not the external forces your worst fear, your worst concern. But the internal forces is what you must watch out for; the forces from within. I’ve learned that the hard way. The people and the principles are the foundation of the company. The technology is the easy part.

There is always something new to learn. And remember that what doesn’t kill you, makes you stronger.

ceo