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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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."