Poor Economy + Shortage Of Entrepreneurs + Young = Jack POT (Perfect Opportunity & Timing)

Here is another awesome DC initiative that is right up my alley. If you are an entrepreneur or student living in the DC area, you may want to put this in your calendar – Ashoka’s Youth Venture and Young Impact, in partnership with a consortium of sponsors, announce the StartUp Scramble DC University Challenge taking place January 29-31st, 2010!

If you are not an entrepreneur, I strongly urge you to consider becoming one fast – particularly if you are a student and just about to graduate. Here is Why:

a) I don’t need to remind you that the current economy and job market is pretty bleak and will probably stay this way throughout 2010. I don’t mean to be pessimistic, in fact I am a very optimistic dude. But this is real. There is no job waiting for you once you graduate. Hope it gets better in 2011.

b) There has been a major shortage of entrepreneurs in our nation’s capital and in other parts of the country these past few years.

c) You are single, with little responsibility or financial burden, so you can afford to forgo a big paycheck for a little while.

Historically, when times are bad for the economy, it can be a great time to start a business. In fact, 16 of the 30 companies that make up the Dow industrial average were started during a recession or depression. These include Microsoft, Disney, McDonald’s, General Electric and Johnson & Johnson. In fact, from what I remember, Although, Google started during the glory days of late 90’s, but it really started kicking ass during the 2001 recession.

Still curious what makes it possible for new companies to thrive when times are so bad? or why should you launch your own company?
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