Thanks for sharing. What are examples of counter-cyclical companies?
Staple goods and foods are also generally counter-cyclical, because in times of prosperity, people tend to eat out and travel more.
There aren't many examples of VC-backed companies in this category, because it's very very hard for upstarts to break into counter-cyclical industries.
There're some other niche examples, eg. liquidation specialists and bankruptcy lawyers. These are pretty obvious ones: anything that people do when they lack money tends to get a boost in a recession.