Despite the financial crisis, startups such as Uber, Pinterest and Airbnb benefited from scrappy entrepreneurs and new technology
It may have been one of the worst times for the American economy, but the years right after the financial crisis were among the best ever for startup investments.
Uber Technologies Inc. is set to price its initial public offering Thursday, ending a decadelong run as a privately held company that began in the Great Recession. It is one of a number of so-called “unicorns”—startups valued at over $1 billion—that were founded when the U.S. was on the brink of depression, and that together make up perhaps the most lucrative startup...
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