the exogenous nature of technological progress has always been independent of GDP growth. When the economy grows and consumption is booming, tech firms and start-up founders benefit yes, but then it's like waiting for a sunny day to go for a walk.
You could go for a walk any day and get the same benefits: exercise and sight-seeing. In fact, too much sun might hurt you but you could always learn to get creative against wind/rain (coat and umbrella).
I guess what I'm saying here in case you're lost is that a recession is bad weather than need not distract tech start-ups from flexing their muscles. If you could make it in bad weather, chances are, you could enjoy more success in the sunny weather!
I don't want to say I agree that one has to launch a start-up during recessions only. Obviously, the most ideal time to start one is to know you can make decent money and a product that solves an important problem, be it in a good or bad economy, because, statistically, recessions are shorter and milder than before and expansions longer.
In the end, it is not a question of when, even. It remains a question of how.
definitely true. meritocracy is the way a free market works; instead of the alarmist notion that the fit survive and thus it's unfair for the unfit, i see a new treatment:
the good will cause the bad to conform, either by peer pressure, economic competition, or simply by social imitation.
the human being is not designed to be wiped out like now-extinct animals, nor were those animals unfit for survival. instead, the human being is pre-programmed to survive. got a sprained ankle? it self-heals. so does the body--and the mind.
the measurement system then will work out just fine. it will be only a matter of time.
the exogenous nature of technological progress has always been independent of GDP growth. When the economy grows and consumption is booming, tech firms and start-up founders benefit yes, but then it's like waiting for a sunny day to go for a walk.
You could go for a walk any day and get the same benefits: exercise and sight-seeing. In fact, too much sun might hurt you but you could always learn to get creative against wind/rain (coat and umbrella).
I guess what I'm saying here in case you're lost is that a recession is bad weather than need not distract tech start-ups from flexing their muscles. If you could make it in bad weather, chances are, you could enjoy more success in the sunny weather!
I don't want to say I agree that one has to launch a start-up during recessions only. Obviously, the most ideal time to start one is to know you can make decent money and a product that solves an important problem, be it in a good or bad economy, because, statistically, recessions are shorter and milder than before and expansions longer.
In the end, it is not a question of when, even. It remains a question of how.