I’m one of those people who think that a recession should be viewed as an opportunity to build, rather than being dreaded and met with downsizing. When times are hard, build on a budget. I’m happy to learn that Instablogs are doing just that, and CEO Ankit Maheshwari is open about it in a blog post on how they’re dealing with the financial climate. You should read it, both for the insight into Instablogs, and to give you some ideas on what you can do to continue your momentum during hard times. They obviously have:

Today we have over 50,000 registered members, 600 Citizen Journalists, 75 bloggers, 15 country editors, full time staff of over 40 people in 15 different countries and readership of around 6 million pageviews per month.

Other tidbits from the post include increased pageviews, and how they’ve been able to use the recession to get more perks or save money when negotiating contracts.