Hacker News new | ask | show | jobs
by eastbayjake 1263 days ago
It's counterintuitively a great time to start a business! Lots of poorly-managed startups are going to fold, which increases talent availability and decreases competition. Having a startup that has found product-market fit and is ready for growth coming out of the recession is an interesting opportunity - there was significant discussion of this during the the initial COVID downturn (obviously in a very different interest rate environment re: seeking investor funding)
1 comments

Recessions are generally good times to start ANY businesses because if you have capital you will have opportunities to capture significant portions of the market, and like you said, getting skilled labor is easier.