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

Thereís never been a better time to be an entrepreneur because itís never been cheaper to be one. Hereís 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? Thereís probably a lot of reasons, but here are my top four. Iím 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.

Originally posted by Dane Carlson on June 30, 2005 in Ideas.

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