I closed my software start-up in 2008. Just as the storm of recession was hitting and I looked into the tea-leaves and saw PaaS, mobile, social, situational apps etc. All of which make traditional applications, well, ‘traditional’.
Anyway, just cam across this post about why not to start a business. I found myself nodding in agreement.
I would add that it is also very difficult to get back into mainstream employment. I’ve been trying since 2008 … so I may have to ‘go again’ just because I’ve got Hobson’s choice and have nowhere else to go …