“Forget the twentysomethings who dominated the dotcom era: Today, most company founders are between the ages of 55 and 64.”

Via Business Courier of Cincinnati
“A report from a Cleveland bioscience organization shows health-care startup companies in Ohio saw a boost in venture-capital infusions in the first half of the year, unlike the Midwest at large.
“BioEnterprise …

The downturn in today’s business and academic environment is creating new opportunities for the creation and development of new life science companies.

Since the 1970s, I do not remember such a volatile time for our economy. I was born in the early-1960s and was still relatively young in the 1970s, so most of what I remember is from the articles and the newspapers my dear Grandmother saved for me. John F. Kennedy arrives in Rome; John F. Kennedy is assassinated. United States Supreme Court rules 8 to 1 against allowing the reciting of Bible verses and the Lord’s Prayer in public schools. The first disco opens in Los Angeles, Whiskey A Go-Go. And how could we forget Neil Armstrong and his first steps on the moon? The U.S. has not endured a deep and prolonged recession in more than a quarter-century - enough time for many Americans to forget what one feels like.

We have evolved from the hippy Sixties to the environmentally aware Seventies, a female-focused liberated society, where opposition of nuclear arms and the oil crisis propelled us into a recession. Can we use knowledge of the past to help better prepare us for the future? Undoubtedly, this approach has been highlighted and implemented before. We must endeavor to learn from past mistakes in order to avoid making them again in the future.