# Recession and Startups (Cont'd)

**Published by:** [Continuations](https://continuations.com/)
**Published on:** 2008-04-03
**Categories:** vc
**URL:** https://continuations.com/recession-and-startups-contd

## Content

Is it a good or bad time to start something new, with the economy tanking as it is? I believe the answer depends entirely on your personal financial situation and risk profile. If you have a family to support and only have enough savings for a few months, then it’s a terrible time to start. If you can afford to fund yourself and maybe a few others for a least 6 months and possibly much more (or have friends who the “more” bit) then it’s a great time. You can find talent (and space should you need it) much more easily when things slow down. You can build a new service, launch it, acquire customers while others (including big companies) are retreating. But you absolutely have to be able to stick it out, because this could take quite a while and if you don’t make it there is no easy fall back (like getting a job) when everybody else is hurting.

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