Comments on: 10 reasons startups love recession

By: Marc

Marc — Wed, 17 Dec 2008 19:49:29 +0000

I totally agree that there are a tremendous amount of opportunities made to a start up during a recession.

I also think you need a like-minded community of Scrappy Upstarts, willing to start up in a down time.

http://www.scrappyupstarts.com

By: tarmo

tarmo — Wed, 03 Dec 2008 10:35:40 +0000

Apart from 3, and to a certain extent 7 and 10 this list applies actually to all times, good or bad. “Rat on a wheel” feeling is not really imposed on you by good times – it is really your own choice first and foremost. And if you honestly think that right now there is MORE money available for good ideas in absolute terms then you really should think again (I agree that this is certainly true in relative terms, but then again – your costs are in absolute and not relative dollars).

But my main point is that there is no reason why it should take bad times to focus on sales, run creative marketing campaigns, take a long view or, least of all, THINK .

By: bluenove

bluenove — Sun, 02 Nov 2008 08:04:52 +0000

I believe that beyond ‘creating a startup’, it is rather INNOVATION that is something that is more than ever needed in times of crisis and recession. That is both true for startup companies and may be even more so for major corporations and brands. And even more during deep crisis when internal resources are lacking and budget shrinking, major corporations will have no other choice than managing innovation in an ‘Open and collaborative’ new way, and especially collaborating with innovative startups… These major corporations will therefore have to transform themselves into ‘Open innovation’ champions faster than what they would have done in a more ‘comfortable’ economy. From a crisis to an opportunity ? PS: this change management mission is the ‘raison d’etre’ of bluenove (www.bluenove.com), and as its CEO and founder i still consider we are in a startup phase so this article is for the least quite supportive

By: Neil

Neil — Thu, 30 Oct 2008 22:40:19 +0000

I like the optimism of this list. I posted a more defensive version for Startups here, based on what I am seeing in Seattle: http://actureconsulting.com/blog/?p=5

By: Mark

Mark — Thu, 30 Oct 2008 15:58:08 +0000

Agreed on the people. I’ve found that as long as your product is sound, getting the right team in place to execute makes all the difference.

By: 10 Reasons Why You Should Embrace the Recession | KillerBlog

10 Reasons Why You Should Embrace the Recession | KillerBlog — Thu, 30 Oct 2008 13:02:46 +0000

[...] fine for startups, if you have what it takes and are a bit lucky. Over at Kaljundi.com, I found a list of reasons why startups should love the recession, and I thought it was worth commenting [...]

By: Allan

Allan — Wed, 29 Oct 2008 22:08:02 +0000

Juri – this is a pretty good list. Number one should always be about people though – so I think that availability of great talent at more reasonable prices belongs on the top of the list. In the end, it’s always about the quality of the team and how hungry they are. Everyone is going to get a little hungrier…

By: Jarmo

Jarmo — Tue, 28 Oct 2008 20:09:57 +0000

I tend to agree with you. Although the financial turmoil is far from over, I still believe its a unique time for startups. I would add that the policy efforts from the government are also very strong now to promote R&D investments, clustering, mobility of specialist workers, start up loans and grants.

Although the political rhetoric is focused on “the restructuring of the economy” mantra, I still believe start ups and entrepreneurship is the key to new growth wave.

By: 10 reasons startups love recession

10 reasons startups love recession — Tue, 28 Oct 2008 17:37:53 +0000

[...] Go here to see the original: 10 reasons startups love recession [...]