"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."