Some examples of startups that were successful during economic recessions include Airbnb and Uber. These companies were born out of the sharing economy during a time of economic downturn. The need for travelers to access accommodations and transportation without the commitment to purchase led to the creation of these companies. This movement also gave rise to the gig economy, creating new avenues to earn money.

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Super Founders

The billion-dollar startup founder is shrouded in mystery and mythology, but don’t believe everything you hear. If you’re not an Ivy League drop-out t...

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Fact: Startups have been funded, and billion-dollar companies have been created during times of economic recession. The sharing economy was born from a need for travelers to access accommodations (Airbnb) and transportation (Lyft, Uber) without the commitment to purchase. Likewise, the movement created new avenues to earn money which gave rise to the gig economy. As the old saying goes, "necessity is the mother of all invention."

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The book 'Super Founders' provides several insights about the characteristics of billion-dollar startup founders. It debunks the myth that successful founders are only Ivy League drop-outs who launched a company from their dorm room. In fact, it suggests that those who are not in this category are just as likely, if not more so, to be the next successful startup founders. The book also highlights that successful startups have been funded and billion-dollar companies have been created even during times of economic recession. It emphasizes the importance of innovation and the ability to identify and meet a need in the market, as demonstrated by the birth of the sharing economy and the gig economy.

The gig economy evolved from the sharing economy as a response to the need for flexible, temporary work opportunities. The sharing economy, characterized by companies like Airbnb and Uber, created a platform for people to share resources such as accommodation and transportation. This model of sharing resources gave rise to the gig economy, where individuals could earn money by providing services on a temporary basis. This evolution was driven by the need for flexibility and the desire to earn money without the commitment of a traditional job.

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