Escape Velocity: It is a great time to start a business
exploring success, freedom and wealth as an internet entrepreneur
 It is a great time to start a business4 comments
8 Apr 2006 @ 15:53

So, here's David Heinemeier-Hanson saying why he thinks it is a great time to start a business.
  1. You don't need VC diesel to get your motor running. Working nights or putting money aside to run full-time for three months is enough to get off the ground if you have a great idea and enough passion to make it matter.
  2. You can actually charge money for valuable services. People have never been more willing to part with their credit cards to pay for services that improve their business or their life. You don't need to spend aeons and cumbaja meetings pondering HOW TO MONITIZE?! when all you need is a service worth paying for.
  3. You don't need mainstream tech to make a dent. No wonder you have a hard time finding people if you're only looking at the mainstream tech circles. You're competing for talent with all the risk-averse insurance companies of the world. We picked Ruby early and used Rails to get access to the cream of the crop. People bustling with passion to develop using tools they love.
  4. You don't need to live in San Francisco to make it big. Or rather, if you want to make it big, don't live in San Francisco. You'll get sucked in to the myths (you need VC!) and drowned by the parties. Most of the worlds talent does not live in that tiny spot of land. I developed the Basecamp, Backpack, Tada List, and Writeboard from Copenhagen, Denmark. And we have one of the greatest developers I've ever met in Provo, Utah. While the rest of the company is in Chicago and New York. The Rails core team includes people from Germany, Canada, Austria, and all over the US.
  5. You don't need a swarm of worker bees to take off. Of course its hard to find 10 or 20 great people by tomorrow, but you don't have to. We're entering a golden age of small teams capable of doing big things. Just get a band of three together and you're good to go for v1. Using modern tools and simply doing less software means that having more people is likely to slow you down rather than speed you up.
To see what kind of businesses David particularly has in mind, look no further than 37signals, the company he's a partner in. Brilliant online software projects, brought to market very quickly, by a small team of young, smart people, charged for by the month. And, simultaneously, they developed the programming framework allowing others to do the same, Ruby on Rails, and it is free.

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4 comments

12 Apr 2006 @ 07:01 by James at Universable @70.162.120.103 : OK, the second best business...
Seems to be PAS  


28 Nov 2007 @ 11:00 by Anthony Eldwin @122.160.32.141 : Small business loans with bad credit
Planning to start a new business, need cash
Ref: Fast Business Loan for easy funding.  



25 Jul 2008 @ 01:25 by Young @98.14.217.24 : Entrepreneurial Help
You know, after going through some entrepreneurial resources and sites, I came across the Spirus Group ([link]), and they seem to have found a solution to many of the classic problems faced by would-be entrepreneurs. Specifically, they help you do all the initial development work for your company while you are still at your current job (business plan, hiring, real estate planning, suppliers, etc.) Seems like the right approach to give a business idea a chance to succeed while keeping the risk relatively low. It looks like they can also help with fundraising and a few other things. Worth checking out.  


28 Aug 2008 @ 11:45 by Jeannie Kong @220.166.4.41 : Help spread the word -ahhge.com
Help spread the word about free ecommerce - ahhge.com.
No store fee, No insertion fee auction site.

Thanks.

Jeannie  



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