From Washington Post and Kauffman Foundation
This is a cause for worry in USA since starts ups and high tech start ups generate more jobs than any other sector. From 50% of total industry in the 80s, this is down to only 35%
The number of US start ups is on the decline. So we see a lot of VCs around town, and even sponsoring small caps companies for first round financing. Why is this so?
Well, complacency. There are guys who would rather receive unemployment checks. And maybe US is so successful that its people do not think they should be entrepreneurial. Start ups are"endangered species in US. (California has become hostile to start ups; so much red tape when you start a business?)
Is innovation on the decline at USA? Were the migrants the source of entrepreneurship and innovation in USA
Poor countries citizens are hungry and are success driven?
What to you think?
