This is part of my Series on Entrepreneurial Culture.
People in the start-up and investment community understand from first-hand experience that when it comes to job creation- start-ups are where it’s at. It’s also great to have organizations like the Kauffman Foundation, (that actually study, support and promote entrepreneurship), around to back this up with some hard stats. Below, for example, is the staggering reality about new job creation in this country:
“Between 1980 and 2005, virtually all net new jobs created in the U.S. were created by firms that were 5 years old or less…” (Kauffman Foundation)
But here’s the problem: People who are not in the start-up, investment or tech scene, (read: the majority of the American electorate), through no fault of their own, do not for the most part realize this fact. This is probably because much of the mainstream press does not focus on or cover this reality. I see very little emphasis on how critical talented entrepreneurs are to the growth of our economy and to job creation.
No, this man is not trying to do the squeezing head trick. He is indicating how much the public appreciates what startups are doing for creating new jobs in the grand scheme of things.
