Create a startup is hard. Definitely much harder than creating an ordinary successful tech company. Still, there are many good reasons to launch a startup and some of them are perfect for the Pandemic
I agree 👍🏻 , and if you take a look at the following tweet, you can see that most of the unicorns we know today have been created in the middle of the last market crisis:
In fact I predict a similar outcome. Lots of talented engineers with more time on their hands (with nowhere to go) working from home or recently unemployed. VCs prepare to write some checks :)
Completely agree. There are good location and bad location. A great product in the wrong place is almost certainly wasted. That's what most people don't grasp.
I appreciated the whole article, and in particular, Reason#3 is interesting to me. During this pandemic, I'm struggling every day to find some new business models or ideas that can somehow disrupt the current state. I've in mind that during the economic recession back in 2008 the sharing economy model was approached by a lot of companies since people did not have a lot of money in that period. Maybe in this period as well we could find a common pattern that can be applied in different fields?
This time emerged two primary needs: remote work and social distance. Any smart solutions that are helping people and companies to enhance everyday existence are becoming quickly interesting. People found out they don't need to commute every day to get their job done. As a by-product, pollution 🏭 problems came to be solved in a matter of days. Hangout with friends still is pretty unsolved yet. Bandwidth problems emerged everywhere, so voice communication sometimes is better than video communication.
Schools were definitely not ready to switch remote. That is possibly an excellent blind spot to work on: education. Our boys and girls would be happier to stay remote for most of the class activities.
All those opportunities could hide the next billion-dollar company.
My reason. The economy will recover and by the time in does you will be there with something to sell.
I agree 👍🏻 , and if you take a look at the following tweet, you can see that most of the unicorns we know today have been created in the middle of the last market crisis:
https://twitter.com/yuris/status/1236380762326224896?s=20
In fact I predict a similar outcome. Lots of talented engineers with more time on their hands (with nowhere to go) working from home or recently unemployed. VCs prepare to write some checks :)
"ClubHouse [...] could have been created everywhere in the world."
True. But only here it would have been adopted by the influencers the company needed to bring its valuation to that high.
Thus said, great article 👍
Completely agree. There are good location and bad location. A great product in the wrong place is almost certainly wasted. That's what most people don't grasp.
I appreciated the whole article, and in particular, Reason#3 is interesting to me. During this pandemic, I'm struggling every day to find some new business models or ideas that can somehow disrupt the current state. I've in mind that during the economic recession back in 2008 the sharing economy model was approached by a lot of companies since people did not have a lot of money in that period. Maybe in this period as well we could find a common pattern that can be applied in different fields?
This time emerged two primary needs: remote work and social distance. Any smart solutions that are helping people and companies to enhance everyday existence are becoming quickly interesting. People found out they don't need to commute every day to get their job done. As a by-product, pollution 🏭 problems came to be solved in a matter of days. Hangout with friends still is pretty unsolved yet. Bandwidth problems emerged everywhere, so voice communication sometimes is better than video communication.
Schools were definitely not ready to switch remote. That is possibly an excellent blind spot to work on: education. Our boys and girls would be happier to stay remote for most of the class activities.
All those opportunities could hide the next billion-dollar company.