Why recession could be a blessing in disguise..

There are some anecdotal evidence that more and more college students are finding their way into entrepreneurship and not waiting for employers to come knocking at the door . It is not surprising that most of these new entrepreneurs are creating online businesses. While creating an online business  has a low barrier to entry, it is also very competitive . One can create an online business for a small fraction of the startup cost for a break and mortar.

Some of the useful tools for a start up:

  • ycombinator (startup boot camp, and seed capital funding and mentoring for startup)
  • Techstars is another resource with a similar approach.

I also found out that the following reading resources are indispensable for a new startup.

  1. Founders at work by Jessica Livingston, it tells stories about the early days of a startup.s a collection of interviews with founders of famous technology companies about what happened in the very earliest days. These people are celebrities now. What was it like when they were just a couple friends with an idea? Founders like Steve Wozniak (Apple), Caterina Fake (Flickr), Mitch Kapor (Lotus), Max Levchin (PayPal), and Sabeer Bhatia (Hotmail) tell you in their own words about their surprising and often very funny discoveries as they learned how to build a company.
  2. High Stakes no prisoners,  by Charles Ferguson is another one. It is a bit dated, but never the less an oldie, but goodie with a lot of timeless lessons and stories.
  3. Paul Graham’s essays which i have already refered to in an earlier post.
  4. A weekly podcast by Jason Calacanis called this week in startup is also a great hangout.

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