Now is the best time to start a company, Evernote co-founder and former CEO Phil Libin says.
"The next trillion dollars of start-up market cap is going to be created by companies that are made, you know, over these next two years — from six months ago to a year-and-a-half in the future," Libin said.
Start-up funding is in a slowdown, said the 44-year-old Libin, who led the productivity app until he joined venture capital firm General Catalyst Partners, where he is a managing director.
The slowdown in venture capital funding, surprisingly, is what makes it an ideal time to start a company, he said.
"This is literally the best time in the history of the universe to start something," Libin said. "Because when things are going well when you're like halfway through the hype cycle, a lot of what's made is the 'me-too' companies."