Despite the attention that is given to certain kinds of software startups, the reality is that startups are dying out in the USA. The great era of startups was

Despite the attention that is given to certain kinds of software startups, the reality is that startups are dying out in the USA. The great era of startups was many decades ago. As the Fed says: " The first observation is the steady decline in the firm entry rate over the last thirty years, and the second is the gradual shift of employment from younger to older firms over the same period. Both observations hold across industries and geographies. We show that, despite these trends, firms’ life-cycle dynamics and business-cycle properties have remained virtually unchanged. Consequently, the reallocation of employment toward older firms results entirely from the cumulative effect of the thirty-year decline in firm entry. This “start-up deficit” has both an immediate and a delayed (by shifting the age distribution) effect on aggregate employment dynamics."