Monday, May 18, 2009

Jerry Yang on Recession and Re-Birth

(Photo by Ken Hupp)

Great quote from Yahoo! co-founder Jerry Yang during his commencement speech at the University of Hawaii at Hilo. An excerpt from

“I can promise you that great things are being started right now in this downturn in our economy. Yahoo started in an economic downturn in the early 90’s,” Yang said. “Other great companies, great ideas, products, even social movements have come about as people are throwing away the status quo and doing everything in new ways.”

According the KPUA, Yang added that "success doesn’t come from a high I.Q. or talent, but a willingness to work hard coupled with relentless preparation."

So true, Jerry. Reminds me of a gigantic billboard I saw last night coming off the Bay Bridge that read something along the lines of "Bill Gates started Microsoft during an economic recession" (from my memory). The next big idea is being conceived in cafes, universities and impromptu get-togethers. Nothing better than a downturn to force people to innovate and challenge the status quo.

Let's hear from you. Have you seen examples of people using their ingenuity in the face of unemployment or setbacks to challenge the status quo?

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