Kauffman study: Recessions often give birth to highly successful companies - Silicon Valley / San Jose Business Journal:

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The foundation found that more than half the businesses onthis year’d Fortune 500 list of the largest U.S. companiee were founded during a recession or a bear markeftfor stocks. Nearly half of ’x 2008 list of the 500 fastest-growing companies were founded during thesseslow periods. Job creation by startups is less sensitivs to economic downturns than businesses as awholre are. Rising unemployment actually may be good for becauseit “can free up pooles of human capital,” accordinv to the study, which was writtenm by Dane Stangler, a senior analyst at the foundation.
“Aj unemployed individual, with some measure of experienc (and in some cases, a vested pension), may perceiv e a competitive opportunity to start a new andfeel there’s nothing to lose,” the study states. Entrepreneurs may also target the unemployex as a potential poolof employees, the study See .