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Why to Start a Startup in a Bad Economy (2008)

paulgraham.com Essays & writing Essays & articles Economics & business Class of 2020-03 Hall of Fame
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Resurfaced independently across 9 calendar years, with breakout response in 5 of them.

submissions
15
submitters
15
observed span
2008–2026
peak thread · 225 comments
392 pts
latest 20+ return · 2023-01-18
392 pts

Submission timeline

2007–2026

One slot for every year since HN launched. Height is that year's peak points; orange marks a 100+ point or 50+ comment breakout. Select a bar to open its strongest thread.

First comments on top threads

HN comment order

2008 was a huge outlier though. This was the start of the hugely lucrative cloud, app-payment, SAS, smartphone, 4g, app-store, social networking, mobile confluence. Also, low interest rates forever. A typical bad economy is not like 2008. But sound advice

Good article, but I disagree with the Microsoft/Apple example in the beginning. MS and Apple happened to come along when the microcomputer was really starting to take off, and they were able to ride that wave (while 1000's of other microcomputer startups crashed). One thing that worries me personally about starting the "stereotypical" HN startup right now, is that I think the free/fremium model is going to lose steam FAST. My prediction is that you will see more companies trying…

brk·254-point thread·

This whole “what matters is the founder” idea really discourages me. It’s such a VC perspective. The VC has a flock of people they pick from to invest in and if your traits doesn’t fit the necessary requirements you shouldn’t start a startup. And I’m sure it’s true too. It’s just that it feels like if you don’t have the grit etc necessary you’re just out of luck and out of this club and it’s not really something you can…

hwers·199-point thread·

For those new to a tough economy, here's my story from 2008: I was laid off from the digital agency I worked at. I had been trying to find a new job for a while but no one was hiring at the income I needed to pay the mortgage on the house I just bought. So, I started my own digital agency. I tried to think of ways to make their model better/faster/cheaper. Better: I would routinely measure the impact…

awb·196-point thread·

The first top-level comment from each of the four biggest threads, in HN’s own order. Excerpts are shortened; open a comment for full context.

Breakout years
5

100+ points or 50+ comments

Total points
1339

reference only — not used in Hall rules or ranking

Total comments
712

reference only — not used in Hall rules or ranking

Every submission

DateTitle as submittedByPointsComments
2008-10-16Why to Start a Startup in a Bad EconomyFirst breakoutmqt254195
2011-08-10Why to Start a Startup in a Bad Economy (2008)shawndumas11825
2015-11-25Why to start a startup in a bad economysheldor10
2017-08-02Why to start a startup in a bad economy (2008)kornish10
2020-03-12Why to Start a Startup in a Bad Economy (2008)Hall inductionrazin19660
2020-03-12Why to Start a Startup in a Bad Economy (2008)giansegato50
2020-05-10Why to Start a Startup in a Bad Economyoccamschainsaw20
2020-11-15Why to Start a Startup in a Bad Economy (2008)gautamsomani15867
2022-05-03Why to Start a Startup in a Bad Economy (2008)tosh10
2022-05-08Why to start a startup in a bad economy (2008)simonebrunozzi20
2022-05-09Why to Start a Startup in a Bad Economyjedwhite20
2022-05-14Why to Start a Startup in a Bad Economy (2008)karimf199137
2023-01-18Why to Start a Startup in a Bad Economy (2008)Best thread · Latest 20+ point returndbrereton392225
2025-02-24Why to Start a Startup in a Bad Economyhindsightbias33
2026-01-19Why to Start a Startup in a Bad Economy?7777777phil50