"IT'S A GREAT TIME TO BE AN ENTREPRENEUR"
Great post by Joe Kraus of Jotspot. Our startup is isn't that low budget, but will be pretty close. If we were building our product back in 1997-1999, it would definitely take over $3 million. Anyway, here is Joe's post:
There’s never been a better time to be an entrepreneur because it’s never been cheaper to be one. Here’s one example.
Excite.com took $3,000,000 to get from idea to launch. JotSpot took $100,000.
Why on earth is there a 30X difference? There’s probably a lot of reasons, but here are my top four. I’m interested in hearing about what other people think are factors as well.
Hardware is 100X cheaper
Infrastructure software is free
Access to Global Labor Markets
SEM changes everything