Recessions are good for startups because they foster:
Frugality, Fine-tuning, ”Family’ Values, Forerunner-status, & Fire-proofing.
We’ve been writing a lot lately about how you can steel your startup for the recession. (See links below.) Now Melissa Chang, writing on the new Industry Standard blog, offers her rationale for why a recession is a good time to launch a new company. She has one caveat: your company is small, web-based, and doesn’t a lot of capital. (This is because VCs are ninnies.)
Melissa has five main points, all true, if not earth-shattering… Read More about 5 Reasons Why the Recession is Good for You