A former Shopify employee used her severance pay to found a new startup after being made redundant along with 1,000 other people. Here’s why it can be a smart move in a downturn.
Stella Alexandrova founded travel app MAVE after it was fired by Shopify.Stella Alexandrova Stella Alexandrova was among 1,000 employees laid off by e-commerce giant Shopify in July. She saw the layoff and five months of severance as an opportunity to start a business. A recession is actually a good time to start a business, says …