/// There has never been a better time to be an entrepreneur
I really feel that there is a “Perfect Storm of Opportunity.” There has never been a better time in history to be an entrepreneur.
I have been starting companies nearly all my life, for more than 40 years, since I was 12 years old. I have started more than 100 companies, in both good times and bad. I have started companies when there were wars starting, and when there were boom times. I have started companies when there were recessions and when there were bubbles. From my vantage point, I really feel that there has NEVER been a better time to start a company, and here’s why:
1. Startups are understood – when I graduated from College, it was a big deal to convince others to join my startups. I remember even having to take people’s PARENTS to dinner to explain to them why it was okay! Today, startups are not only understood, they are expected. Because of this, talent is much easier to attract than ever before, and talent is the most crucial thing for any company, and especially so for a startup.
2. Capital is available – I have never seen so much financing, for all stages and types of ideas, available before, ever. Capital is the lifeblood of a company, and the new access makes startup ideas flourish like never before.
3. Global reach – the ability to talk to the whole planet as your potential customers, to be able to both reach them and learn from them via social media is astonishing. That allows a startup to better capitalize on its strength against bigger competitors, and that is better listening, and faster cycle times. Global reach turbocharges the potential acceleration rate of a startup with a good idea to levels never seen before.
I gave a talk on this idea to middle school and high school student at a recent TEDx, and the link is here. Feel free to share this if you know someone in that age range if you feel this would be helpful to them to hear. Thanks: http://j.mp/VijzVm