Recessions are always frightening. It often means that the company's income is reduced, layoffs and even bankruptcy. But crises always coexist with opportunities. There are many cases around us in which start-ups were established and developed rapidly during the worst economic downturn. In this article, the author analyzes 10 start-ups established during the economic crisis in 2008 and the internet bubble in early 2000, some of which have become industry giants today.
In view of recent events around the world, we can say that 2020 is an exciting and frightening year. During this year, many companies experienced economic fluctuations, some companies had to lay off employees, others went bankrupt or closed down. At the same time, since the emergence of global economic fluctuations, venture capital trading activities have fallen sharply.