As the U.S. economy emerges from recession, a new crop of start-ups is
blooming. From microblogging to location-based services to green auto
technology, social gaming, genetic testing, e-commerce and digital
music, a new generation of start-ups is poised to lead the technology
world into the next decade.
It's not surprising. Recessions breed innovation. The creative
destruction wrought by economic downturns creates the conditions for new
ideas to flourish and new firms to hatch. The slowdown of the early
1990s preceded the rapid growth of the first generation of iconic
Internet companies -- AOL (AOL), which owns and operates DailyFinance, Netscape, Yahoo (YHOO), Amazon (AMZN), eBay (EBAY) and Google (GOOG) -- until the technology bubble laid waste to the industry, sparing only the hardiest firms.
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