Is the Startup Bubble all that bad?

In just the last couple of months I hear the echos of “startup bubble” ringing everywhere. Are we in one? Quite possibly, but I see this in a positive light.

There has never been such a universal invested interest and participation in “startups.” Communities around the world no longer have a mutually exclusive association between startups and Silicon Valley. Startup are everywhere and any community has the ability to build an ecosystem supportive of innovation, creativity and collaboration. Steve Blank gives this a great historical context in a recent blog post.

Should you ride the wave, be scared, or just wait it out? If you are not already, stop watching, and start do-ing! This is an time of unprecedented cultural change. With the global recession playing a large role, there has never been such an understanding about the importance and need for entrepreneurship and new startups. More and more resources will emerge to support great people, teams and ideas. This is a fundamental infastrucure that isn’t going away, no matter how big this “bubble” could be. Why? Because it’s too important. We know that over 90% of all new net job creation comes from new businesses. We simply cannot afford to do anything but pour or resources and energy into fostering innovation and startups. Hopefully you are part of this movement because this is an incredible learning opportunity for all of those involved….

It is a bubble, and it will burst. No body will be “too big to fail” in our world. Opportunities might become more scarce in relation to the volume of startups attempting to gain traction, but the fundamental theories and models will have never been so important. Some day, the mantras of LEAN, Agile, and Customer Development will too evolve into something new that will contribute to the next “bubble.”

All I know is that the more noise we can make right now, the more people around the world that will get a taste of this addictive drug called entrepreneurship… that cannot be a bad thing.

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