Highly Successful Companies Founded During a Recession was originally published on Vault.
Over the course of the last fifteen years, the economy has been at some of its highest highs and lowest lows. Millennials are often cited as taking the brunt of two “once in a generation” economic downturns: the housing market crash of 2007 and the ongoing economic chaos that is the COVID-19 pandemic. The financial tolls for individuals can be devastating. However, recessions can also open up a space for new businesses; market needs are thrown into sharp relief, giving new companies the opportunity to gain a foothold. Sound far-fetched? Take a look at this infographic from BusinessFinancing.co.uk to see companies that were founded during recessions from the past hundred years that are still around and thriving today.