January 13, 2009
It’s agreed. We’re in the biggest economic downturn we’ve ever seen. So why would anyone want to launch a startup?
1937 photo by Dorothea Lange
Maybe because a downturn is the best time to launch a startup (see “6 Reasons Why This Economy Is Good For Startups”). Or maybe, “Why not?”, because what else are you doing that’s truly worthwhile? Or maybe, finally, because startups are the only way to create prosperity when established businesses are failing.
Whatever your motivation to launch, some of the rules for success just changed (along with everything else that got broken with the collapse of 2008).
(read more) What To Do When There’s No Venture Capital
November 10, 2008
Have you experienced “Stockholm syndrome” in working with a developer? That’s the psychological condition where a victim becomes loyal to a powerful abuser, to the point of defending them despite obvious danger. It seems crazy to say an entrepreneur might act like that after hiring someone to do programming or web design, but I’ve seen it, and I think it’s more common than you might think.
What are the tell-tale signs and what can go wrong? Read on.
(read more) Avoiding Stockholm Syndrome
October 8, 2008
What makes a startup fail? I’ve been collecting startup horror stories, hoping to share some lessons learned.
This week brought a story with three classic elements of a startup “tale from the crypt:” technology, money, and people. This time it was technology (with attendant uncertainty and doubt), money (lack of it), and people (the dark side: their personalities). I hesitate to tell this chilling tale because it’s not over (and may yet have a positive outcome). But hearing it may save readers from a similar fate.
(read more) The Partnership Gone Sour