Sometime ago there was an article in USA Today entitled “Bad Times Spawn Great Start Up.” It documented some notable successes that have been generated out of the ashes of economic downturns. Sixteen of the thirty corporations in the Dow Jones industrial average trace their origin to a time of recession. Walt Disney lost an acting job as a movie extra and started his famous cartoon company in a garage during tough times between 1923-1934. William Hewlett and David Packard teamed up in Silicon Valley in 1938 during the Great Depression. And the world’s richest man, Bill Gates, dropped out of college during the recession of 1975 and began Microsoft. Continue reading
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