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Startups rising from ashes of recession

Two weeks after Jon Garrison lost his job at Jive Software, which shed 25 of its 150 employees in October, he launched his own company.

Swift Notion Software is now going strong. And Garrison, who just got back from a three-week business trip to Toronto, loves being his own boss.

"Ideally, I would have liked to have chosen the starting time myself," said Garrison, who works out of his Hillsdale home. "But I’ve always wanted to have my own company."

The speed of Garrison’s reincarnation is exceptional, but the fact that he re-created himself is not. Startup creation accelerates during economic downturns as the newly unemployed strike out on their own, making silk purses out of sows ears.

by Jonathan Brinckman, The Oregonian

Full Story: http://www.oregonlive.com/business/index.ssf/2009/05/downturns_good_for_new_busines.html

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