Entrepreneurs Grow in Down Economy

Here's a great article in the NY Times about why entrepreneurship, and Internet businesses are helping the economy. Our favorite quote in the article is this, "Economists say there are some peculiarities to this wave of downturn start-ups. Chiefly, the Internet has given people an extraordinary tool not just to market their ideas but also to find business partners and suppliers, and to do all kinds of functions on the cheap: keeping the books, interacting with customers, even turning a small idea into a big idea. The goal for many entrepreneurs nowadays is not to create a company that will someday make billions but to come up with an idea that will produce revenue quickly, said Jerome S. Engel, director for the center for entrepreneurship at the Berkeley Haas School of Business. Mr. Engel said many people will focus on serving immediate needs for individuals and businesses. “It’s a very painful thing,” he said of the pressure people feel to find new ways to make money. “But it’s a healthy thing.”