"There are a lot of young people and even those up to 40 or so years old who are doing new business experiments," said Jose Ramon Pin, a business management professor at the IESE Business School in Madrid. "And there's a natural selection of companies under way. Those that survive the crisis or start during it have the advantage: The market will be theirs when the economy bounces back."When the architects of Factoria 5 started their company as Spain's economy lurched into a deep double-dip recession, some of their parents told them they were crazy. The would-be entrepreneurs, however, had all just finished their architecture degrees plus digital media masters degrees and sensed they could fill a niche by becoming high-tech content suppliers to Spanish architects who no longer had work at home but were increasingly designing projects for foreign clients. The only other option was seeking work abroad.
Class Of 2012: Young Spaniards Launch Startups
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.