Claremont Insurance Services, Walnut Creek, Californian General Agency

800.696.4543

Claremont Companies on LinkedIN Claremont Companies on Twitter Claremont Companies on Twitter Claremont Companies on YouTube Claremont Companies Blog

New Business Formation During Downturns: Insights from Silicon Valley Bank

New Business Formation During Downturns: Insights from Silicon Valley Bank

New Business Formation During Downturns: Insights from Silicon Valley Bank, Coronavirus (COVID-19) Updates,

Many businesses are understandably in “defense mode” right now. But new insights from Silicon Valley Bank remind us that recessions are historically periods of increased new business formation.

Adversity Drives Innovation

  • With an ample supply of talented workers, lower opportunity costs, and the potential to ride the next wave of economic growth, recessions provide a great opportunity for entrepreneurs.
  • Annual company formation reached a record high during the years following the 2007/08 Great Financial Crisis (GFC).
  • Around 41% of today’s unicorns were founded during or in the aftermath of the GFC.
  • Today, 9% of constituents of the Nasdaq were founded between 2008 and 2012.

US VS-Backed Company Formation and Unemployment Cycles

Despite the current economic climate, growth-focused brokers will want to ensure they are focused on serving the future benefits needs of these new businesses.

Questions?
Contact your Claremont team at 800.696.4543 or info@claremontcompanies.com.

 


 

Get The Latest News with Text Messaging!

Your success is important to us, and we’re actively working on new solutions to support you throughout the year. To get the latest news via text messaging in the future, simply provide your cell phone number here.

Sign Up for Text Messaging

 

 

 

Share This

Monthly Archives

Category Archives

Carrier Archives