Facebook cofounder Eduardo Saverin says the best companies come out of downturns, because they forge entrepreneurs behind firms like Apple and Alibaba

• Facebook cofounder Eduardo Saverin says the best companies come out of times of economic downturn.
• "Periods like these breed entrepreneurs that are grown up with capital constraints as part of their initial DNA," he said during an event.
• Saverin pointed to examples like Apple, Microsoft, Alibaba, Facebook, Uber, and Airbnb.

Facebook cofounder Eduardo Saverin believes that the best companies and entrepreneurs come out of periods of downturn and volatility.

"Periods like these breed entrepreneurs that are grown up with capital constraints as part of their initial DNA, where they understand that they need to build true mission-critical products — not products they claim are mission critical, but products that genuinely people need," said Saverin.