There’s never been a better time to be an entrepreneur because it’s never been cheaper to be one. Here’s one example.
Excite.com 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.
- Cheap Hardware (Moore's Law)
- Cheap Software (Open Source)
- Cheap Engineers (in India)
- Cheap Marketing (Google)
via Business 2.0.