Being the best Quote by Tobias Lutke
“When the market turns down, a lot of people lose jobs... and that's the time people become entrepreneurs. Downturns end up being the best times to start companies.”
About This Quote
Source Speech: Keynote at Startup Conference, 2021
Economic downturns create gaps that entrepreneurs can fill, sparking innovation.
In simple terms: Recessions can be ideal for new businesses.
Key Takeaway
Spot opportunities when markets shrink.
Themes
entrepreneurship
opportunity
economics
Mood
optimistic
strategic
Type
advice
insightful
When to use this quote
- layoffs
- industry slumps
- financial crises
- career transitions
Key Concepts
innovation
market cycles
risk management
Questions to Reflect On
- How can you prepare to launch during a recession?
- What sectors thrive in downturns?
A Different Perspective
Not all downturns have resources; timing and capital matter.
![“I think we will have continuing danger from these markets and that we will have repeats of the financial crisis - [they] may differ in details but there will be significant financial downturns and disasters attributed to this regulatory gap, over and over, until we learn from experience” quote by Brooksley Born](https://sms4smile.com/quotes/img-quotes/a67/brooksley-born-224899_continuing_i-think-we-will-have-continuing-danger-f_1588451.jpg)
