I believe this article was released right at the peak of the economic boom/bubble. While I agree with his answer:

"Absolutely. Remember, Compaq was conceived at the House of Pancakes. But before throwing in with the group, I'd advise the 28-year-old to think carefully about the business opportunity, the markets, and the technology. And think hardest about the team."

I think the most important part now would be the markets. Market timing can determine if your technology is ahead of the curve or already on the road to being quickly replaced/replicated. Business opportunity is also largely determined by whether there is (A) a market that wants the business and (B) a market that can financially support the business.

Potential customers could theoretically want a business but not be able to afford it due to their own economic problems. This is probably a common occurrence and is one of the reasons we even have economic contractions.

An argument could be made that market timing/identification is more important than the original founding team.