The wrong time to launch a startup??

So after about 20 years of working for software, internet, and techonology companies, I decided to go out on my own and launch my startup. It just so happens that I chose the worst financial and economic situation of my lifetime to do it. Our government has proven it has no clue how to fix this, after they were a major contributor to this mess. Wall street is in a death spiral, and the real estate market is horrendous.

Does this mean the market is equally bad for us startups? Are there investors out there willing to take a chance? Here are a few links with differering opinions:

http://www.techcrunch.com/2008/10/10/an-ignoble-but-much-needed-end-to-web-20/

http://www.techcrunch.com/2008/10/10/sequoia-capitals-56-slide-powerpoint-presentation-of-doom/

http://www.techcrunch.com/2008/10/09/benchmark-capital-advises-startups-to-conserve-capital/

http://tinycrunch.com/2008/10/10/why-i-dont-buy-into-the-web-20-death-tinycrunch/

I’m still not sure what exactly all this doom and gloom means for startups. On one hand, credit is scarce, and people with money are starting to panic. However, an early stage startup is now no more risky than the traditional investment options.

I have a great business idea, and the right people to make it happen. Regardless of what happens in the economy and financial infrastructure, I’m pushing ahead with my startup. I’ll keep you posted on the results…