Facebook’s Saverin: Best Companies Arise During Downturns

  • Eduardo Saverin, Facebook co-founder and co-CEO of B Capital Group, believes that the best companies and entrepreneurs emerge amidst economic downturns.
  • Saverin cites Apple, Microsoft, Alibaba, Facebook, Uber, Airbnb as examples, noting such periods foster entrepreneurs understanding of capital constraints and need for mission-critical products.
  • He contrasts this with bull cycles, where investor greed is prevalent and performances are erroneously perceived as better due to rising markets.
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