In The News

Startups Hustle to Raise Cash Before Recession Strikes

Bloomberg

20 Dec 2018

An economic downturn does not necessarily mean the end to a startup’s ability to raise capital according, to Morrison & Foerster partner Murray A. Indick in the Bloomberg article, “Startups Hustle to Raise Cash Before Recession Strikes.”

“Even in the 2008 and 2009 periods, it may have taken longer and the terms may not have been so rosy, but great businesses still got funded,” he said. Oracle Corp. and Microsoft Corp., for example, were founded close to the recession of the mid-1970s. And some of today’s most successful startups, including Uber and Airbnb, were started after the last market crash.

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