I’m a bit late on this (my laptop and broadband spent the last few days taking turns toppling over) but according to Caterina (Flickr) Fake it’s a bad time to start a company (bad competition, bad talent, bad business models). Two good ripostes: [1] David Heinemeier Hansson takes the opposite pole: it’s a great time to start a business [2] Brian Fling is more level-headed: anytime is the right time to start a company.