… is when everybody else thinks it's a bad time to start a company.
This two-minute snippet is part of a 2003 talk by Jerry Kaplan, successful entrepreneur, founder of onSale, Inc., and GO Corporation, and an early thought leader at Lotus Development.
The part of the talk is a response to a question from the audience. Although this was five years ago, and there had been a downturn in Web companies, Jerry's answer — the title of this post — still seems very relevant today. As far as I'm concerned, what he said then still holds true today; at least for the more sophisticated technology-driven ventures.
You should see the video above and be able to click and watch. If for any reason — different browser, or whatever — that isn't showing, then Just click here for the source page."