The recession and lack of experience might stop most adults in their tracks, but these students weren’t discouraged.
“There is no better time [to start a business],” said Christopher Hanks, director of the entrepreneurship program at the University of Georgia. “During a depression or recession, innovation always increases.”
The dorm is the new garage
While the founders of Google built success in their garages, these college students found it in their dorms. In addition to their course work, studying for midterms and balancing extracurricular activities, they wrote business proposals and figured out financing.
“From 9 a.m. to 5 p.m., I am in chemical engineering classes, and from 5 p.m. to 9 a.m., I work on DropCard, so I don’t get much free time,” said Raviv, 22.
Levitt and Shea said launching their shoe business was essentially nonstop, and the work didn’t end on Friday. And for Calle, the compromises in his academic and social life weren’t a burden.
“We enjoy ourselves,” said Calle, 21. “We don’t see it as a sacrifice.”
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