- political: there’s an enormous amount of uncertainty here. All businesses make plans and uncertainty puts them all on pause.

- economic: related to political, but we’re teetering on a very bad recession. Watch where national oil reserves go.

- AI: I throw this in with every new technology that comes out. There is always a period of chaos before normalization. We’re still in the chaos phase.

- Business Pain: Right now I don’t see any sector that’s in pain. Inflation has hurt consumers, but we’re still spending. When consumers lock it down, that pain comes back and job market shifts with it.

I have no solution other than figuring out a way to do your own thing. There’s no better time to be a founder.