By Elizabeth Yin (Co-Founder, LaunchBit) First-time web entrepreneurs often tell me “Oh we’re moving really quickly, we’re launching in just 6 months.” Terrible flashbacks go past my eyes — A couple years ago, I remember saying the exact same thing to myself. The trouble is that product traction isn’t just about getting a product out [...]
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Quotable Quotes
"A recession is the best time to start a company.
The opportunity cost is low, hiring good people
is relatively easy, rent and equipment are cheap
(sometimes free) and established competitors are
focused on reducing costs and staying in
business, not on innovation. The key is being in
a good position when the economy picks up."
- Rebecca Lynn
Partner, Morgenthaler Ventures
"Some of the best products and services come
out of some of the worst times. In the early 90s,
tens of millions of dollars had gone down the
drain in a futile effort to develop 'pen computing'
(early phase of mobile computing) and a
recession was shriveling the economic outlook."
- Chris Shipley
Chairman, Guidewire Group
