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by bretthellman 3248 days ago
"slow down" = great time to start a company
6 comments

Great time for real entrepreneurs starting real companies in organic ways, not shysters looking for $30M seed for their app so they can pay themselves and their buddies comfortable salaries while they work 5 hours/day in a trendy WeWork in SoHo.
This is both true and false - makes it easier to hire talent and attract users/customers, but harder to raise capital. Works out great if you're running as a small business and don't need to raise capital.
Yup Office Space, office equipment will be cheaper. Vendors with less sales will fight to be competitive. VC's won't tolerate superfluous startups and it would be a great time to bootstrap your own.
Why is that? There is less money in circulation, so less chance you'll get any. Are they making wiser choices? So if you're company is a wise choice you'll get funding?
You don't need funding to build a great company. In fact most great companies started out without huge funding.
Perhaps he is referring to Paul Graham's essay Why To Start A Startup In A Bad Economy :

http://paulgraham.com/badeconomy.html

Agreed.

I also don't think the slow down is necessarily a bad thing. It's not that VCs aren't interested. They're just much more cautious about funding companies that end up being sustainable and viable. I think after all these unicorns, VCs have finally been brought back down to earth and are looking in the long term.

(Warning: Really loud screaming. Do mute your sound before watching this.)

https://www.youtube.com/watch?v=qydSKppGRD8&t=38

Please don't post off topic like this.