Startups on the Cheap

Joe Kraus on why it’s a great time to be an entrepreneur:

There’s never been a better time to be an entrepreneur because it’s never been cheaper to be one. Here’s one example. took $3,000,000 to get from idea to launch. JotSpot took $100,000.

Why on earth is there a 30X difference? There’s probably a lot of reasons, but here are my top four. I’m interested in hearing about what other people think are factors as well.

  1. Cheap Hardware (Moore’s Law)
  2. Cheap Software (Open Source)
  3. Cheap Engineers (in India)
  4. Cheap Marketing (Google)

via Business 2.0.

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