Comments by Keyword

Schumpeter describes the entrepreneur's as a Creative Destruccions, because our ideas destroys the obsolete companys and ideas of the world. We are the motor of society and the engine who moves any economy around the world.

I personally feel that entrepreneurship isn't expressed enough to young people, particularly around the age of middle school. I know that we were pretty much taught to do good in school, go to college and get a good job when we were growing up. I knew that people owned businesses, but it never really occurred to me that I could until just a few years ago (and I'm nearly 27). Fostering the entrepreneurial spirit from a younger age will help young people growing up to expand their horizons and contributions to the community and the economy.

I'm hoping that schools will start to teach a little more of this, and I'm personally working on plans to develop a non-profit to aid with this.

I also agree with Catherine from Springfield, OR. We do so much for other countries that we don't seem to do enough of right here at home. I know there are plenty of start-ups that could use a hand in the funding area, but with the way the banks are these days it's nearly impossible to get a loan. Why can't we have as much faith in our home-grown entrepreneurs as we do in entrepreneurs from other countries? Kiva is a wonderful program, but our entrepreneurs here at home deserve the same opportunities. It isn't easy to start a business here just because we're in the US. It can be quite difficult in fact, and our entrepreneurs deserve a little help as well.

Economy bail out to any one should be to senior citizens 65 an older to really get the money and the help spread fast into a right places, including the banks; fixing ahead a social problem developed by huge losses.

In contemporary society, entrepreneurs are the only leaders pushing forth a new and visionary economic success. As the industrial age of our nation comes to a close through means of outsourcing to nations which can produce products and/or services for a lower cost, we must look to the information age which began in the 1980's and the transition to a new American workforce, planted heavily in service industries and intellectual property. For example, as Americans, we must realize that we cannot rely on manufacturing cheaper products, or providing services in which the international market can produce for a lower price; instead, we must pride ourselves on our ability to create new markets through an intellectual process. Because America has always been based on freedom and rewards those who take risks, we have created a culture envied and copied by other countries, from our movie stars, to our lifestyles, even to the horrible fast-food we have created. Ultimately, all the envy for our highly successful nation may fade without the consistent creation of new intellectual property, innovation, and business leadership in the form of entrepreneurship. In fact, if one were to look to the exact definition of economy, it states, "economy is made up of land, labor, capital, and entrepreneurship." A country may have land, a country may have labor, and a country may even have large sums of capital, but without entrepreneurship to tie all of the resources together, a country has no ability to lead, but simply an ability to follow.

Good Idea! Dee Miller of Hope, Idaho stated:
"entrepreneurs should unite and write their own legislation for Congress to submit as a bill" ... one of the most important thing she said was " ....submit what you require with specificity". So think about it? Can you convert your gripe into a productive solution?

What I would like to see in this blog site from entrepreneurs and inventors are gripes and problems stated in the form of a solutions that can be drafted into law. We need to make a difference and it needs to be soon, United we Stand.

Someone on another page who is an inventor wants the cost of Patent protection reduced. That is a great idea, that could kick start the economy and can easily be drafted into law.

The anarchists need to get off this site.

We need tax free saving accounts like the ownership society bush was tring to sell. They have already in Canada, UK, Australia, and Argentina. Argentina started the trend after their economy crash just like ours. We should monitor their progress since they had a head start. This will empower us with the capital to start and grow a business with no credit.

It would be a great idea if the powers that be wake up and see that we can put America Back To Work. We can create jobs. We have a simple solution. Let the entrepreneurs do what they do best. Circulate the flow of money, and get the economy flowing again. We have the programs ready to go, How much longer do we have to wait to get the financial support that we need?

As a matter of primacy with the U.S. Economy, the people must acknowledge a paradigm shift as the world comes to evolve we the people need to revolve. The people also need to disseminate conscious being and scientific propensity, all in all this propensity mandates' the potential of humanity.
Must take the less and make it more, must transcend the subconscious to realize the potential and notice that ALL is most definitely not the physical.

It's very clear that our economy has reached a point where it cannot sustain itself without the support of venture capital and entrepreneurs to create new industry and innovation. The Build a Stronger American foundation however has overlooked some key elements to meeting this entrepreneurship goal. The focus should really be legislative - the ban on banks supplying venture capital needs to be removed. Here is an outline for an actionable approach to fixing our economy!

-Exempt newly issued stock from the ban on banks buying stock for their own account

-Authorize the Federal Reserve System to set up appropriate systems to enable commercial banks to provide venture capital without endangering bank solvency.

-Encourage liquidation of stock held by banks to comply with Sherman Anti-Trust act

-Find and implement appropriate ways to make it profitable and feasible for investment bankers to raise money for early stage companies. This could be modeled after the existing institutional venture capital industry.

-Find a way to allow investment bankers to raise money in stages like venture capitalists do.

-Find and implement several ways for investors of all incomes to invest in venture capital.

-Enable venture capital mutual funds.

-Create tax incentives for investments in venture capital funds and newly issued stock.

-Create greater tax incentives for early stage investments.

-Create ongoing tax incentives for investment in algae farming businesses and other businesses that will remove pollution from waterways and ecosystems.

-Create tax incentives for investing biodiesel.

-Create tax incentives for investment of neodymium mining. Neodymium is required for hybrid automobiles.

My Dear Luke Craig,
May I take issue with your comment:

Philosophy needs to be taught to the young for it will establish a matrix of propensity/possibility/potential. The economy of the United States of America must have such a matrix to in-turn proportionately re-align "The Land Of The Free And The Home Of The Brave". True it be that evolution does play a role (miniscule) although all in all the most powerful sense of reality restith in thy consciousness. First of All I have no idea of what you mean - Please compare it with such simplicity as my statement below. People need jobs! Not some gibberish that no one can understand; I think we would be best by taking things a small bit at a time...."a thousand mile trip begins with one step in the right direction" so goes a Chinese proverb. Brian Tracy also mentioned this in one of his lectures.

Our economy has reached the point where it cannot sustain itself without the support of venture capital and entrepreneurs to create new industry. Unfortunately however, the banking industry is not legally allowed to supply venture capital to create the necessary innovation. Rather than dumping the vast quantities of money managed by the banking industry into mortgages and creating situations such as sub-prime mortgages, that money needs to be funneled into creating new industry, something for which debt funding alone is incapable of. The truth is, without removing this de facto ban on innovation, our economy will continue to deteriorate indefinitely. It is the responsibility of every individual to make sure this does not happen. We need to make sure that innovation is possible. We need to make sure that the American dream is possible and for everyone.

Philosophy needs to be taught to the young for it will establish a matrix of propensity/possibility/potential. The economy of the United States of America must have such a matrix to in-turn proportionately re-align "The Land Of The Free And The Home Of The Brave". True it be that evolution does play a role (miniscule) although all in all the most powerful sense of reality restith in thy consciousness.

Many attributes of the education that is given to the young innately does not become useful. Education should concentrate predominately on the Here And Now as-well as In The Future.

The citizens' of America can and will can and Shall Rock This Nation but before that happen's they/we must become aware of propensity, as-well as consc-iousness. This theory (so to speak) is Quantum Sapience and as proclaimed, it is a meta-oriented theory that is fundamentally structured throughout the Emot-ional, Mental, Physical and Spiritual entities which to pertain to reality.

As a person who works with start-ups everyday though a thriving business incubation program, I am really pleased to see this focus on the most important part of economic recovery – entrepreneurship. Great data in this survey, but two more years of recession..ouch.

Our Business Model Abstract: We can improve lives by mobilizing the mentoring power by using public libraries to create a Library Progress Administration. The Library hub infrastructure has the basic facilities, services, and installations needed to create sustainable jobs by mobilizing entrepreneurial mentoring services. We seek underutilized learning space in community libraries to create ecological-entrepreneur job opportunities. By providing access to entrepreneur mentoring and by localizing the innovation process, we can create better communities. We will regenerate our local economy through growing entrepreneur startups. Entrepreneurs can provide the innovations needed to build clean-technology startup organizations. The opportunity is not to build the rare high-risk scaling organization but to quickly build innovative entrepreneurial startups. Startups will help solve ecological and employment problems that threaten our very existence.

Great to see finally people talking about entrepreneurship with a fine toothed comb. Too much simplistic ideological focus on tax rates, and monetary policy and the needs of the mere owners of money as the only important factors of production have crippled our economy and economic prospects for some time.

I am glad to hear someone at least finally talking about the human inputs that alone make possible turning ordinary money, favorable tax rates and interest rates into anything like a new business.

We've also got to get the unfair political advantages bought by entrenched going concerns who block capital formation around innovation that threatens their out of date business models too! This is major in the energy sector now, where unfair advantages distort IRR calculations for alternative energy, biggest one being the military subsidy taxpayers pay to oil and extractors all over the world to ensure their property rights in foreign hostile, but nevertheless cheap, labor countries, as well as transportation through pirate zones.

None of those real costs turn up in any pump price. Leaving them out therefore distorts IRR calc for kilowatt hour comparisons for new energies. These subsidies and low effective corporate income tax rates also explain the super normal economic rents enjoyed by what is basically a monopoly industry of oligopolies, oligarchs, and their attendant military servants, with no real competition in sight (Well done guys? You won this one. But, we're waking up and we're mad!).

That little problem never gets mentioned in these speeches in the Beltway. Surprise surprise. Don't tell me these people don't know the unintended or maybe fully intended consequences of the whole-system that feeds them.

Those consequences totally disadvantage new entrants in every sector of our economy that has now been overly concentrated into too few corporate shrinking brains' hands. IFIF.org, Businessweek, and Newsweek have all within the last year run articles about 10 yrs of market failure for capital to form around new innovations already funded on campuses by Federal basic R&D $$$ for decades.

While toothless anti-trust appointees by last President (and this President hasn't done anything to fix it either)have made a few people rich, they have stifled innovation to create new opportunity for everybody else. These rankings show that in painful detail.

I don't agree about Professors becoming entrepreneurs. They don't know how to run a business, and I've seen too many at important schools I won't mention piss away valuable money, time, and patents when keys were handed over to them. They don't know how to make the right hires, don't have the industry contacts they need to make deals, and little comes of it! The big licensing money for Federal R&D recipient universities has always come from Detroit and the military sector. Not from Professor run start-ups.

Let them and their students create patents, and let real business people build diverse teams that can convert ideas on paper (even patent paper) into products and sell them to paying customers. I agree that hard sciences can create patents, but even by choosing science, they self select the personal skills and attributes they will have for life, which are not the ones needed to build run and market a complete enterprise.

They are rarely sales people, rarely people people and most of their work is never validated by insight or market research about sellable products in the first place. For all but special high tech products bought by fellow geeks on the cool factor, start-up technologies have to go through a time consuming and costly iterative process lead by people with sales and marketing skills more than science. These people skills, listening skills, workplace knowledge, and conceptual skills are what is needed to figure out what exactly is the sellable product those patents can become, and how it is going to be sold into already entrenched markets. Read Amar Bhide "Venturesome Economy" about the many many many skillsets it takes up and down any enterprise to convert science into business. That conversion is the hard part, where there is a shortage of skills with the right chemistry, especially as our high schools and universities seem to be failing to create truly generative creative minds these days, as definitely was the case in the past. That is the athletic part. The elastic brain part. And that is the part where everybody screws up!

This is work most VCs don't even know how to oversee correctly, since the profile of VCs has changed significantly over the last 15 years to be less experienced operators, to more MBAs with just finance training.

And certainly BODs of established companies prove themselves to be disincentivized by Wall Street quarterly earnings seasons for getting involved in any of this kind of work. Read Clayton Christensen about how time and time again experienced executives at expensive companies ignore the signs and never get on the band wagon for new innovations until the shareholders money has whittled down to nothing! And worse for the wage earners involved!

There is so much to learn to make into more common knowledge, and so many myths to bust. But those myths are well protected by incumbents of both industrial and money nature who try desperately to keep newcomers out of the secrets!

Since 2000 we have passed a number of laws and regulations that are killing innovation in the US. The incredible innovation of the 90s was based on technology start-up companies built on intellectual capital, financial capital, and human capital. All three of the pillars have been under attack since 2000. Our patent laws have been weakened reducing the value of intellectual capital. Sarbanes Oxley has made it impossible to go public reducing financial capital for start-ups and the FASB rules on stock options have made it harder to attract human capital to start-ups.