Innovation Comes During Recessions
from the necessity-breeds-innovation? dept
Remember last week how Business Week was saying that due to the economic downturn we might be having an “innovation drought”? It would make more sense to think that a lack of capital would lead to increased innovation since companies need to be more creative about how they do things. Now, here’s an article from News.com that points out a number of large, well-known, long lasting tech firms started during economic downturns. It’s not exactly a scientific study, but it makes a good point.