"I decided to try a co-working space called BlankSpaces. If you're unfamiliar with co-working spaces, they are apparently the new trend for people who got tired of working alone at home. After chatting with a few of the usual suspects, I met Edward Lujan, a recently homeless entrepreneur, and Firas Bushnaq, millionaire and executive chairman of eEye Digital Security, working together on a new company."
"Edward was just the opposite. A one-time Wall Street trader with a big paycheck, Edward gave it all up to start something on his own. After an earlier partnership went awry, Edward found himself living in his car. I asked him why he didn't go back to a job and he said, "I just knew in my heart this was going to work." When he took a part time job to get back on his feet, Edward did something extraordinary."
A recession can make goods and services cheaper, creating opportunities to start businesses when costs are lower. Many people avoid launching startups during downturns because of immediate needs like food and rent and fear of unemployment if ventures fail. Co-working spaces gather diverse entrepreneurs and can facilitate unexpected collaborations. Edward Lujan, formerly a Wall Street trader, lost a prior partnership and lived in his car before pursuing a new company. He worked part time to regain stability and shared office space with Firas Bushnaq, a millionaire executive chairman. Their partnership shows that resourcefulness, personal risk, and shared networks can enable startups despite economic hardship.
Read at Fast Company
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