An Open Letter to Startup Founders Everywhere in a Time of Crisis
David Cohen
MARCH 30, 2020
In 2000, the Internet bubble burst. One in 2004 and one in 2006. Other startups will fail, and you can acquire their talent, their IP, their customer bases for cheap. We raised a lifetime grand total of $100,000 for that business in the form of advance payment from early customers. By 2002 the NASDAQ had fallen by nearly 80%.
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