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The foundation found that more than half the businessex onthis year's Fortune 500 list of the largest U.S. companieas were founded during a recession or a bear market for Nearly halfof Inc. magazine's 2008 list of the 500 fastest-growintg companies were founded during these slow periods. The study also found that job creatioh by startups is less sensitivse to economic downturns than businesses as awhole are. Rising unemployment actually may be goodfor startups, becausse it "can free up pools of humabn capital," according to the study, which was written by Dane a senior analyst at the foundation.
"A n unemployed individual, with some measure of experience (and in some a vested pension), may perceive a competitivr opportunity to start anew company, and feel there'es nothing to lose," the study states. "Entrepreneursx may also target the unemployed as a potential poolof employees." For more see
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