Why this is a great time to launch a start-up

America's start-up culture is ascendant once again

Startups are doing better than they have in a long while.
(Image credit: Hermin Utomo / Alamy Stock Photo)

America's start-up culture is waking up from its post-recession slumber.

New business creation has long been sluggish compared with previous decades. In 2013, it hit a 20-year low. But since then, the pace of start-up creation has climbed for two years running, according to a study by the Ewing Marion Kauffman Foundation, and is approaching levels not seen since before the recession, in 2008 and 2009. Significantly, new entrepreneurs are opening up shop not because of necessity — in other words, not because they were previously unemployed and needed income — but because they see an opportunity that previously didn't exist.

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Alexis Boncy is special projects editor for The Week and TheWeek.com. Previously she was the managing editor for the alumni magazine Columbia College Today. She has an M.F.A. from Columbia University's School of the Arts and a B.A. from the University of Virginia.