If you need investor capital, it's a terrible time to start a company. But if you are investing your time, it'll may never be cheaper!
Paul Graham: Why to Start a Startup in a Bad Economy, 2008-Oct
As a founder, you're buying stock with work: the reason Larry and Sergey are so rich is not so much that they've done work worth tens of billions of dollars, but that they were the first investors in Google. And like any investor you should buy when times are bad.

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