Half of 2009 Fortune 500 Founded During Recession

June 9, 2009 at 10:54 am 2 comments

kauffman It pays to make the most of a down economy — this has been our mantra during the last year’s economic woes.  While investors have held their purse strings tighter, we’ve continued to push ourselves and get to work helping kids.  

OneSeventeen Media is in good company, according to a new study the Kauffman Foundation released today:

“The study, “The Economic Future Just Happened,” found that more than half of the companies on the 2009 Fortune 500 list were launched during a recession or bear market, along with nearly half of the firms on the 2008 Inc. list of America’s fastest-growing companies. ” 

Pushing onward is the winning strategy, for our investors and the kids we serve.

 Subscribe by reader or email

Advertisements

Entry filed under: Business, Kids, OneSeventeen Media, Opportunities, Research. Tags: , , , , , .

Making the Most of Ypulse Mashup 2009 Building a Tribe of True Believers

2 Comments Add your own

  • 1. bcarls717  |  June 10, 2009 at 5:58 pm

    Amy, ironically, I’ve been sharing similar kinds of information with the students in my online marketing and PR classes at the University of Phoenix since last fall when more of became aware of the weakening economy.

    Did you know that well-known companies such as Hyatt, Burger King, IHOP, Jim Henson Company, FedEx, Microsoft, LexusNexus, CNN, MTV Networks, Trader Joe’s, Wikipedia Foundation, Sports Illustrated, GE and HP all started during downturns in the economy? That’s good company!

    I especially like the closing statement in the report:

    But, despite the pain of the current recession, there is reason for hope—good things do grow out of recessions. More importantly, new firm formation represents two unqualifiedly positive things. Hundreds of thousands of individuals do not wait for others to ease their economic pain—they create jobs for themselves and others. Young firms, moreover, frequently add jobs and generate innovations well out of the mainstream. When a large, established company announces deep layoffs, it necessarily makes front-page news. When two or three dozen young firms hire four, six, or eight people at a time for several years, it mostly goes unnoticed. Only when they reach sufficient collective size do they begin to appear in the public consciousness, even though they have been regenerating the economy for several years. Every generation of startups is,
    often invisibly, both a renewal and restructuring of the economy.

    Reply
  • 2. Amy Looper  |  June 13, 2009 at 9:26 am

    yeah, starting new companies during a recession is not for the light hearted! So as painful as it can at some points in the process seem, I agree it’s necessary to stimulate big change that solves big problems. Sign me up!

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Welcome!

The OneSeventeen Media Blog provides the most recent information about our pursuit to provide kids with innovative solutions to help them navigate the complicated process of growing up.

Additionally, we're passionated women and social venture entrepreneurs, so our blog also shares resources about the power of women in business and highlights how other individuals and organizations are choosing to harness the power of business to solve social issues through B Corp certifications.

Consider joining the conversation with us by subscribing by blog reader or email below.

e_bcorp_logo_neg

%d bloggers like this: