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.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.
Entrepreneur's Journey on June 30th, 2005 at 8:04 pm
Audio: Start-Up Your Business Today
Download the MP3 [ 11 Minutes - 2.5MB ]
I’m doing a bit of motivational podcasting for you today. As pointed out by Dane Carlson from Business Opportunities and also by Joe Kraus, co-founder of Excite, at his blog Bnoopy, it’s a great time to…
Martin Neumann on July 3rd, 2005 at 7:47 pm
a Bigger marketplace (the Internet) and growing confidence in e-commerce are what to me have made these the best of times for entrepreneurs.
As for the 30x to start up, I guess it’s how fast they want to establish themselves in the marketplace - money can buy you decent ad agency services, pr, sales staff and so on …
Clarence Wooten on July 4th, 2005 at 9:44 am
A lot has been said about Joe’s post during the past few days. Which made me think — is it also a great time to be an investor?
I think so and provide reasons why in my post, Web 2.0: It’s a great time to be an investor. It would be great to get feedback to see if others feel the same. It’s clear that Web 2.0 is not only changing the rules for entrepreneurship… it is also changing the rules for angel and venture investing.