Possible Insight

Yes, You Can Save the World with Startups

with 2 comments

Dave Lambert pointed me to this new Kauffman Foundation paper by Tim Kane about job creation in the US.  Then Will Ambrosini pointed to this Growthology post which reproduces the money diagram from page 5 :

Look carefully.  Then think about this statement about US job creation:

The only firms that create jobs on average are brand new ones.

So yes, you can save the world with startups.


Written by Kevin

July 9, 2010 at 1:27 pm

2 Responses

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  1. […] regards to my posts on how startups help drive both employment and growth, a couple of people have pointed me to this essay in BusinessWeek by Andy Grove.  He […]

  2. […] better, the average person on the street wins too.  Because, as I’ve shown before here and here, increasing the rate of startup formation increases the rate of economic growth.  So if […]

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