Ask HN: How are your startups weathering the economic crisis?

https://news.ycombinator.com/item?id=342956

by zitterbewegung • 18 years ago

5 4 18 years ago

news.ycombinator.com

I was wondering if there is a large effect on startups due to the economic crisis.

Original startup is dead, but I think that's mostly because it was a marginal idea, my cofounder quit, and without my cofounder, I didn't have all that much passion for it.

Thinking of doing a new startup, in a more clearly-defined pain point with more immediate profit potential. But I'm seeing how job apps go in this market; I need more time to scope out the market and do some prototypes anyway.

When this crisis was first starting back in 2007, I said that "recessions force honesty upon businessmen. The marginal businesses get flushed out, forcing people to focus on useful stuff." That's as true now as it was then, even if my own startup was one of the marginal ones.

ScottWhigham• 18 years ago

Awesome - up about 15% from last month and about 22% from August.

Godino• 18 years ago

In case of a starup that doesn' require so much money to run, like http://www.quotag.com it's not the recession that affects them most, but the moods of customers. I mean, in the pre-funding phase there is not much to screw up :)

JustGuy• 18 years ago

8 out of our 13 IT ppl (developers, tester, BAs) are made redundadnt

Ask HN: How are your startups weathering the economic crisis?

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