Online connections give entrepreneurs access to a global network of founders, mentors and advisors. By Lesa Mitchell (Vice President, Kauffman Foundation) In 1950, Ewing Kauffman launched his pharmaceutical company, Marion Laboratories Inc., in the basement of his modest home in Kansas City. During his first year in business, he had sales of $36,000 and a [...]
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Quotable Quotes
"A recession is the best time to start a company.
The opportunity cost is low, hiring good people
is relatively easy, rent and equipment are cheap
(sometimes free) and established competitors are
focused on reducing costs and staying in
business, not on innovation. The key is being in
a good position when the economy picks up."
- Rebecca Lynn
Partner, Morgenthaler Ventures
"Some of the best products and services come
out of some of the worst times. In the early 90s,
tens of millions of dollars had gone down the
drain in a futile effort to develop 'pen computing'
(early phase of mobile computing) and a
recession was shriveling the economic outlook."
- Chris Shipley
Chairman, Guidewire Group
