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Source link: http://archive.mises.org/14300/start-up-fever/

Start-up Fever

October 19, 2010 by

After Social Network, college kids are going wild for commercial start ups.

{ 8 comments }

Old Mexican October 19, 2010 at 9:51 am

Here we go again . . .

JFF October 19, 2010 at 10:07 am

Indeed, I smell another bubble.

“Barriers to entry are down.”

Just wait until you start making any money…

Fephisto October 19, 2010 at 11:02 am

In two years:

“We are in a New Economy. Entrepreneurs, and new websites that encourage automatic start-up development allow us to be in the unique position of instead of uinemployment, people are able to almost automatically find employment. No more unemployment! Continued high growth for decades!”

Four years:

“You gotta be kidding me Schiff! These companies have been driving U.S. growth for the past five years!”

Five years:

“We have to place legislation against these ‘Wild West’ start-ups. It’s this kind of greedy overbearing that has caused this recession.”

:|

billwald October 19, 2010 at 2:26 pm

80% of all new starts fail, yes? So mostly they end up stealing through bankruptcy from existing suppliers?

Rick October 19, 2010 at 3:01 pm

So what are you saying exactly? There should be no start-ups because “they end up stealing through bankruptcy”?

Tyrone Dell October 19, 2010 at 4:45 pm

Just wanted to throw this website out there for all you computer geeks:

http://www.ycombinator.com
http://news.ycombinator.com

Ball October 19, 2010 at 4:56 pm

Well, it’s either this or move back into their parents houses.

jmorris84 October 19, 2010 at 6:35 pm

So where exactly was the link between the Facebook movie and this apparent explosion of “commercial startups” by college kids? The only reference I found in the article was the following:

“Inspired by Mark Zuckerberg, who founded Facebook as a sophomore at Harvard University, in Cambridge, Mass., and stymied by the shortage of jobs in the recession, college students are launching businesses before they graduate. ”

How exactly did the author of this article come to this conclusion?

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