It’s a crappy time to start a business. Or is it?

Dan Kimerling’s article on TechCrunch entitled The Seeds of the Next Big Thing Are Being Planted Now echoes what other people have told me privately. Although it might seem bleak as hell right now, it’s in the troughs that small companies can spring up. And some of my favorite small design firms (Adaptive Path, Mule, Behavior) all started in 2000-2001, at the bottom of the last crash. I hope I’m as lucky.

Right now, though, it feels a little like playing chicken with the world. Who will blink first?