---
title: "Meaning & Key Takeaway of: During dark times, real entrepreneurs…"
description: "\"During dark times, real entrepreneurs come out. They are not competing with 10 look-alike companies for engineering talent, so it's a great time to inv..."
image: "https://sms4smile.com/quotes/i/19b/douglas-leone-22054_build_during-dark-times-real-entrepreneurs-com_492703.png"
---

#  During dark times, real entrepreneurs come out. They are…

![“During dark times, real entrepreneurs come out. They are not competing with 10 look-alike companies for engineering talent, so it's a great time to invest and help build companies.” quote by Douglas Leone](https://sms4smile.com/quotes/i/19b/douglas-leone-22054_build_during-dark-times-real-entrepreneurs-com_492703.png)   [Download](https://sms4smile.com/quotes/i/19b/douglas-leone-22054_build_during-dark-times-real-entrepreneurs-com_492703.png) [Open image](https://sms4smile.com/quotes/i/19b/douglas-leone-22054_build_during-dark-times-real-entrepreneurs-com_492703.png)

> “During dark times, real entrepreneurs come out. They are not competing with 10 look-alike companies for engineering talent, so it's a great time to invest and help build companies.”

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

## About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Economic downturns reveal resilient entrepreneurs who can thrive without talent wars.

**In simple terms:** Hard times bring out strong entrepreneurs.

Key Takeaway

Support founders during market lows.

Themes

entrepreneurship economics investment

Mood

optimistic pragmatic

Type

business investment

When to use this quote

- startup funding
- talent acquisition
- business strategy
- economic recession

Key Concepts

resilience market cycles

Questions to Reflect On

- What strategies help startups attract talent in downturns?
- How can investors identify resilient entrepreneurs?

A Different Perspective

Competition for talent still exists in niche markets.

★ ★ ★ ★ ★   No ratings yet

[Business](https://sms4smile.com/quotes/about/business/) [Companies](https://sms4smile.com/quotes/about/companies/) [Competing](https://sms4smile.com/quotes/about/competing/) [Dark](https://sms4smile.com/quotes/about/dark/) [Dark times](https://sms4smile.com/quotes/about/dark-times/) [Engineering](https://sms4smile.com/quotes/about/engineering/) [Entrepreneurs](https://sms4smile.com/quotes/about/entrepreneurs/) [Great time](https://sms4smile.com/quotes/about/great-time/) [Help](https://sms4smile.com/quotes/about/help/) [Talent](https://sms4smile.com/quotes/about/talent/) [Time](https://sms4smile.com/quotes/about/time/) [Time To Invest](https://sms4smile.com/quotes/about/time-to-invest/)

## Related quotes

> [I believe that Detroit has a terrific geographic position. It still is a hub of one of the most important industries in the world.…](https://sms4smile.com/quotes/daniel-l-doctoroff/i-believe-that-detroit-has-a-terrific-geographic-position-it-still-is/)

[Daniel L. Doctoroff](https://sms4smile.com/quotes/author/daniel-l-doctoroff/)

> [Engineering talent is the most precious resource for any technology company - Palantir and Addepar are successful first and foremost because of their top…](https://sms4smile.com/quotes/joe-lonsdale/engineering-talent-is-the-most-precious-resource-for-any-technology/)

[Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/)

> [Real entrepreneurs do what they say they're going to do, wannabes ask about it and have tons and tons of coffee meetings.](https://sms4smile.com/quotes/brian-wong/real-entrepreneurs-do-what-they-say-they-re-going-to-do-wannabes-ask/)

[Brian Wong](https://sms4smile.com/quotes/author/brian-wong/)

> [“REAL Entrepreneurs will be the one's who change the world for the better. Governments must become PUBLIC servants to create the best context and…](https://sms4smile.com/quotes/tony-dovale/real-entrepreneurs-will-be-the-one-s-who-change-the-world-for-the/)

[Tony Dovale](https://sms4smile.com/quotes/author/tony-dovale/)

> [When times are bad is when the real entrepreneurs emerge.](https://sms4smile.com/quotes/robert-kiyosaki/when-times-are-bad-is-when-the-real-entrepreneurs-emerge/)

[Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/)

> [Real entrepreneurs have what I call the three Ps (and, trust me, none of them stands for 'permission'). Real entrepreneurs have a 'passion' for…](https://sms4smile.com/quotes/michael-dell/real-entrepreneurs-have-what-i-call-the-three-ps-and-trust-me-none-of/)

[Michael Dell](https://sms4smile.com/quotes/author/michael-dell/)

> [A real entrepreneurs who do not need protection nets underneath](https://sms4smile.com/quotes/henry-kravis/a-real-entrepreneurs-who-do-not-need-protection-nets-underneath/)

[Henry Kravis](https://sms4smile.com/quotes/author/henry-kravis/)

> [Most entrepreneurs come up with a product, or they come up with an idea and they think they can be successful with it. But…](https://sms4smile.com/quotes/tilman-j-fertitta/most-entrepreneurs-come-up-with-a-product-or-they-come-up-with-an/)

[Tilman J. Fertitta](https://sms4smile.com/quotes/author/tilman-j-fertitta/)

> [I am bowled over by the massive number of remarkable people who face down the fact that no, they are not going to be…](https://sms4smile.com/quotes/lionel-shriver/i-am-bowled-over-by-the-massive-number-of-remarkable-people-who-face/)

[Lionel Shriver](https://sms4smile.com/quotes/author/lionel-shriver/)

> [Social entrepreneurs come from all levels of society and from communities in nearly every country of the world. They all share the same underlying…](https://sms4smile.com/quotes/jeffrey-skoll/social-entrepreneurs-come-from-all-levels-of-society-and-from/)

[Jeffrey Skoll](https://sms4smile.com/quotes/author/jeffrey-skoll/)

> [I am inspired by the diversity of the entrepreneurs that come into 'Shark Tank' and the ability of the show to reach all Americans.](https://sms4smile.com/quotes/troy-carter/i-am-inspired-by-the-diversity-of-the-entrepreneurs-that-come-into/)

[Troy Carter](https://sms4smile.com/quotes/author/troy-carter/)

> [A manufacturing resurgence is what will give local communities and small towns across America a fighting chance for survival. Many of today's American entrepreneurs…](https://sms4smile.com/quotes/hamdi-ulukaya/a-manufacturing-resurgence-is-what-will-give-local-communities-and/)

[Hamdi Ulukaya](https://sms4smile.com/quotes/author/hamdi-ulukaya/)

> [Social entrepreneurs come from different backgrounds and are by and large, starved of capital. Such socialpreneurs must have extraordinary passion to follow their dreams.](https://sms4smile.com/quotes/sudha-murty/social-entrepreneurs-come-from-different-backgrounds-and-are-by-and/)

[Sudha Murty](https://sms4smile.com/quotes/author/sudha-murty/)

> [I'm the classic old-school entrepreneur that says let's build companies of lasting value.](https://sms4smile.com/quotes/heidi-roizen/i-m-the-classic-old-school-entrepreneur-that-says-let-s-build/)

[Heidi Roizen](https://sms4smile.com/quotes/author/heidi-roizen/)

> [Entrepreneurs have a great ability to create change, be flexible, build companies and cultivate the kind of work environment in which they want to…](https://sms4smile.com/quotes/tory-burch/entrepreneurs-have-a-great-ability-to-create-change-be-flexible-build/)

[Tory Burch](https://sms4smile.com/quotes/author/tory-burch/)

## More by Douglas Leone

> [If I could press a button and have all of Sequoia Capital on the Midas List, I would choose to do that over a…](https://sms4smile.com/quotes/douglas-leone/if-i-could-press-a-button-and-have-all-of-sequoia-capital-on-the/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [We see China as a large market opportunity with similar cyclical economic cycles that occur throughout every economy.](https://sms4smile.com/quotes/douglas-leone/we-see-china-as-a-large-market-opportunity-with-similar-cyclical/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [The venture industry is both quite vibrant and quite competitive.](https://sms4smile.com/quotes/douglas-leone/the-venture-industry-is-both-quite-vibrant-and-quite-competitive/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [You meet with a CEO or founder. You talk about sales, engineering, product management and give some ideas or suggestions. And the founder quickly…](https://sms4smile.com/quotes/douglas-leone/you-meet-with-a-ceo-or-founder-you-talk-about-sales-engineering/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [We like companies that can get big and powerful on $50 million or less and not two, three, four or five billion.](https://sms4smile.com/quotes/douglas-leone/we-like-companies-that-can-get-big-and-powerful-on-50-million-or-less/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [You have to be willing to risk things; otherwise, somebody else will put you out of business.](https://sms4smile.com/quotes/douglas-leone/you-have-to-be-willing-to-risk-things-otherwise-somebody-else-will/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [We've tried to build Sequoia Capital with an eye for the long term that we really look for in the companies we like to…](https://sms4smile.com/quotes/douglas-leone/we-ve-tried-to-build-sequoia-capital-with-an-eye-for-the-long-term/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [If you start a successful company in China at 11 A.M., by 2 P.M. there's three more companies like it.](https://sms4smile.com/quotes/douglas-leone/if-you-start-a-successful-company-in-china-at-11-a-m-by-2-p-m-there-s/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [Crystal-clear thinking is one of the things we look for - not a fancy slide pitch, but crystal-clear thinking.](https://sms4smile.com/quotes/douglas-leone/crystal-clear-thinking-is-one-of-the-things-we-look-for-not-a-fancy/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [In a globalized world, one application can spread like wildfire and there's only one winning company, which means you have to invest more than…](https://sms4smile.com/quotes/douglas-leone/in-a-globalized-world-one-application-can-spread-like-wildfire-and/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [We have co-opted seed funds. You know, Y Combinator, that was completely our money. We have secret handshakes with a whole bunch of people.…](https://sms4smile.com/quotes/douglas-leone/we-have-co-opted-seed-funds-you-know-y-combinator-that-was-completely/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [I'll say this: I can't think of one instance in my 20 years in venture capital in which I have wanted to sell a…](https://sms4smile.com/quotes/douglas-leone/i-ll-say-this-i-can-t-think-of-one-instance-in-my-20-years-in-venture/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [The trick is, a market has to be nonexistent when you start. If the market is large early on, you will have too many…](https://sms4smile.com/quotes/douglas-leone/the-trick-is-a-market-has-to-be-nonexistent-when-you-start-if-the/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [We want people who come from humble backgrounds and have a need to win.](https://sms4smile.com/quotes/douglas-leone/we-want-people-who-come-from-humble-backgrounds-and-have-a-need-to-win/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

> [There's a number of companies clearly that we wish we had invested in either at the early or at the moderate stage.](https://sms4smile.com/quotes/douglas-leone/there-s-a-number-of-companies-clearly-that-we-wish-we-had-invested-in/)

[Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/)

[Explore all 28 Douglas Leone quotes ](https://sms4smile.com/quotes/author/douglas-leone/)

## More Build quotes

> [It's really fun and challenging to build things that have never been built before.](https://sms4smile.com/quotes/hilary-mason/it-s-really-fun-and-challenging-to-build-things-that-have-never-been/)

[Hilary Mason](https://sms4smile.com/quotes/author/hilary-mason/)

> [I build on Christ, the rock of ages; on his sure mercies described in his word, and on his promises, all which I know…](https://sms4smile.com/quotes/john-wesley/i-build-on-christ-the-rock-of-ages-on-his-sure-mercies-described-in/)

[John Wesley](https://sms4smile.com/quotes/author/john-wesley/)

> [The way you get wickets is, you've got to build pressure.](https://sms4smile.com/quotes/mickey-arthur/the-way-you-get-wickets-is-you-ve-got-to-build-pressure/)

[Mickey Arthur](https://sms4smile.com/quotes/author/mickey-arthur/)

> [For rich children, it'd be very easy and convenient never to take any steps to build an identity outside of your association with your…](https://sms4smile.com/quotes/jamie-johnson/for-rich-children-it-d-be-very-easy-and-convenient-never-to-take-any/)

[Jamie Johnson](https://sms4smile.com/quotes/author/jamie-johnson/)

> [The millennials were raised in a cocoon, their anxious parents afraid to let them go out in the park to play. So should we…](https://sms4smile.com/quotes/nancy-gibbs/the-millennials-were-raised-in-a-cocoon-their-anxious-parents-afraid/)

[Nancy Gibbs](https://sms4smile.com/quotes/author/nancy-gibbs/)

> [You have to build what the market needs.](https://sms4smile.com/quotes/jamie-s-miller/you-have-to-build-what-the-market-needs/)

[Jamie S. Miller](https://sms4smile.com/quotes/author/jamie-s-miller/)

> [I oppose any proposal for the federal government to build and operate a nationwide 5G network.](https://sms4smile.com/quotes/ajit-pai/i-oppose-any-proposal-for-the-federal-government-to-build-and-operate/)

[Ajit Pai](https://sms4smile.com/quotes/author/ajit-pai/)

> [“Create with the heart; build with the mind.”](https://sms4smile.com/quotes/criss-jami/create-with-the-heart-build-with-the-mind/)

[Criss Jami](https://sms4smile.com/quotes/author/criss-jami/)

> [Since, however, it is immaterial whether the work is done by assistants or a machine, I decided to build a machine equivalent to an…](https://sms4smile.com/quotes/anonymous/since-however-it-is-immaterial-whether-the-work-is-done-by-assistants/)

[Anonymous](https://sms4smile.com/quotes/author/anonymous/)

> [For 'Inhuman,' it's a 'chess game' series. You have a lot of pieces moving different ways at once, and it's about what they do…](https://sms4smile.com/quotes/charles-soule/for-inhuman-it-s-a-chess-game-series-you-have-a-lot-of-pieces-moving/)

[Charles Soule](https://sms4smile.com/quotes/author/charles-soule/)

> [What we need to make sure we do as a team is build the quickest car on the grid - if we have the…](https://sms4smile.com/quotes/valtteri-bottas/what-we-need-to-make-sure-we-do-as-a-team-is-build-the-quickest-car/)

[Valtteri Bottas](https://sms4smile.com/quotes/author/valtteri-bottas/)

> [Always build. If you start at fever pitch, there's nowhere to go.](https://sms4smile.com/quotes/jane-goldman/always-build-if-you-start-at-fever-pitch-there-s-nowhere-to-go/)

[Jane Goldman](https://sms4smile.com/quotes/author/jane-goldman/)

> [I have spent my career helping to build and grow businesses, and if I've learned one thing, it's that being pro-business and pro-consumer are…](https://sms4smile.com/quotes/dean-phillips/i-have-spent-my-career-helping-to-build-and-grow-businesses-and-if-i/)

[Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/)

> [If you can build it, you can unbuild it](https://sms4smile.com/quotes/jake-pitts/if-you-can-build-it-you-can-unbuild-it/)

[Jake Pitts](https://sms4smile.com/quotes/author/jake-pitts/)

> [You don't build your character by doing what everybody else is doing.](https://sms4smile.com/quotes/carlos-ghosn/you-don-t-build-your-character-by-doing-what-everybody-else-is-doing/)

[Carlos Ghosn](https://sms4smile.com/quotes/author/carlos-ghosn/)

Browse all 1,564 Build quotes

```json
{
    "@context": "https://schema.org",
    "@graph": [
        {
            "@type": "Quotation",
            "text": "During dark times, real entrepreneurs come out. They are not competing with 10 look-alike companies for engineering talent, so it's a great time to invest and help build companies.",
            "creator": {
                "@type": "Person",
                "name": "Douglas Leone"
            },
            "isPartOf": {
                "@id": "https://sms4smile.com/quotes/#website"
            },
            "url": "https://sms4smile.com/quotes/douglas-leone/during-dark-times-real-entrepreneurs-come-out-they-are-not-competing/",
            "about": {
                "@type": "Thing",
                "name": "Build"
            },
            "@id": "https://sms4smile.com/quotes/douglas-leone/during-dark-times-real-entrepreneurs-come-out-they-are-not-competing/#quotation",
            "image": {
                "@type": "ImageObject",
                "@id": "https://sms4smile.com/quotes/i/19b/douglas-leone-22054_build_during-dark-times-real-entrepreneurs-com_492703.png",
                "contentUrl": "https://sms4smile.com/quotes/i/19b/douglas-leone-22054_build_during-dark-times-real-entrepreneurs-com_492703.png",
                "url": "https://sms4smile.com/quotes/i/19b/douglas-leone-22054_build_during-dark-times-real-entrepreneurs-com_492703.png",
                "width": 1080,
                "height": 1080,
                "caption": "“During dark times, real entrepreneurs come out. They are not competing with 10 look-alike companies for…” — Douglas Leone",
                "creditText": "SMS4Smile Quotes",
                "creator": {
                    "@id": "https://sms4smile.com/quotes/#organization"
                }
            }
        },
        {
            "@type": "BreadcrumbList",
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "name": "Home",
                    "item": "https://sms4smile.com/"
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "name": "Quotes",
                    "item": "https://sms4smile.com/quotes/"
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "name": "Douglas Leone",
                    "item": "https://sms4smile.com/quotes/author/douglas-leone/"
                },
                {
                    "@type": "ListItem",
                    "position": 4,
                    "name": "During dark times, real entrepreneurs come...",
                    "item": "https://sms4smile.com/quotes/douglas-leone/during-dark-times-real-entrepreneurs-come-out-they-are-not-competing/"
                }
            ],
            "@id": "https://sms4smile.com/quotes/douglas-leone/during-dark-times-real-entrepreneurs-come-out-they-are-not-competing/#breadcrumb"
        },
        {
            "@type": "WebSite",
            "@id": "https://sms4smile.com/quotes/#website",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "publisher": {
                "@id": "https://sms4smile.com/quotes/#organization"
            }
        },
        {
            "@type": "Organization",
            "@id": "https://sms4smile.com/quotes/#organization",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "logo": {
                "@type": "ImageObject",
                "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png",
                "width": 512,
                "height": 512
            }
        }
    ]
}
```
