From Axios reporter Kim Hart: “The birth rate of new companies collapsed with the Great Recession, and the number of firms that opened during the recovery period is lower than that of any other post-recession period.”
I should note the piece uses analysis from the Economic Innovation Group (EIG). Its analysis from earlier this year, “Dynamism in Retreat,” speculates the startup decline stems from “declining population growth, a sharp decline in startup capital (notably home equity) during the recession, and changes to the regulatory environment,” according to Hart.