When the risk takers come into their own – John Cook writes in the Seattle Post-Intelligencer:
Despite the uncertainty in the current economic environment, a number of entrepreneurs and VC investors are convinced that now is an auspicious time to start a new venture.
Notes one VC: “Only good sailors go out in stormy seas. The teams and the people who are willing to head out with a new enterprise right now are good people to invest in.”
In fact, some investors point out that three current technology behemoths˜Oracle, Microsoft, Sun˜were all started during a down technology cycle. The article includes a review of potential advantages for a business started during an economic downturn (e.g. less competition, greater access to intellectual capital).