jon whitney
Sara Clemence, 35
New York
Laid off from: Condé Nast Portfolio, Dec. 31, 2008
New venture: Recessionwire
Last year's profile
Where she is now: Sara Clemence is still running Recessionwire, the news site she co-founded in February 2009 to chronicle "the upside of the downturn." The former Condé Nast Portfolio editor also returned to full-time work, taking a job as deputy business editor of the New York Post in August after a former colleague recommended her for the position. "The truth is, I wasn't really looking, but the opportunity came up and I took it," she says. Recessionwire, which has one paid contributor and other unpaid freelancers, has broken even on ad revenue, Clemence says, but is not generating significant income. Though Clemence and co-founders Laura Rich and Lynn Parramore conceived Recessionwire as a "pop-up" site that would fade away as the economy recovered, Clemence says she thinks the site will live on, albeit with less frequent updates. "We see the effects of the recession lingering for a good amount of time. We want to continue to be a resource for people as they need it," she says.
