A challenge or an opportunity, thoughts from crisis on Wall Street

A day after the historic takeover of AIG and two days after the bankruptcy of Lehman Brothers, people of the world knew that the clouds of financial crisis are covering the sky of Wall Street. Meanwhile, the investors of high tech domain are concerning whether Silicon Valley can withstand the strike coming from Wall Street.

Now on the blog website “valleyWag”, 5 tech companies, on which the financial crisis are making a strong impact, are listed bellow:

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My question, now, comes out:" whether the financial crisis would bring new entrepreneurs a total bad luck or if there are some good opportunities?"

Absolutely, in the worst time period, getting the loan from the bank is very difficult, and fewer people will be interested in your products and services because of the shortage of the money. However, everything has two sides. Before the crisis, new small enterprises have many difficulties to enter the market due to the squeeze of the big business conglomerate. However, after a crisis, the tide of the unemployment would bring a blast of start-up of business. Hence, many opportunities may appear during this period.

Let me give you a good example:

Many people in Asia would not forget the Asia Financial Crisis in 1997. It once made the economy of Korea stagnant. Not long after, in order to walk out of the hobble, the government began to fully encourage the development of personal business, especial university students' innovative undertaking by providing various favorable financial strategies. Meanwhile, the gov actively supported innovative and high-tech projects. An investigation of 2003 from Japan said, 71% Korean undergraduates wished to establish their own business. This percentage ranked the first in the world at that time. Now, eleven years after the crisis, the economy of Korea is in a nice state. (The year before last, Korea became one of advanced countries.). Many medium and small business had undoubtedly provided great power to help the recovery of the economy. From the case of Korea, I think, there must be good opportunities for many new enterprises during /after a crisis. The key point is how to find a way or place to dig the gold.