4 ms·
> My only gripe is that he thinks that entrepreneurship and investment are struggling. Entrepreneurship is extremely hyped right now, despite being at a relati
by cowsandmilk 12y ago
> My only gripe is that he thinks that entrepreneurship and investment are struggling.
Entrepreneurship is extremely hyped right now, despite being at a relative low historically (Figure 1 of [1]). More companies are failing in their first year (Figure 4, 5, D1, D3 of [2]) and an increasing percentage of employment is at firms 16+ years old (Figure 2, A2, C2 of [2]).
Less people starting companies, more companies failing in the first year, more people employed at well-established companies. That sounds like entrepreneurship is struggling to me.
[1] http://www.kauffman.org/~/media/kauffman_org/resources/2015/soe/2015_state_of_entrepreneurship_address.pdf http://www.kauffman.org/~/media/kauffman_org/resources/2015/...
[2] http://www.brookings.edu/~/media/research/files/papers/2014/07/aging-america-increasing-dominance-older-firms-litan/other_aging_america_dominance_older_firms_hathaway_litan.pdf http://www.brookings.edu/~/media/research/files/papers/2014/...
- esoltas 12y agoSomeone beat me to posting the Kauffman research... Also, the investment to GDP ratio is here, although a lot of the decline was housing: http://research.stlouisfed.org/fred2/graph/?g=14LZ http://research.stlouisfed.org/fred2/graph/?g=14LZ.