Policymakers and economic development strategists are startup crazy — in pursuit of a silly goal. I know. I’ve spent most of the last decade reporting on young tech companies, exactly the slice of firm creation that has led much of the attention in this post-recession fixation.
Though I’ve taken various approaches at understanding what, if anything, is really different about this era’s of business creation, I recently found myself pulling together some data that I wanted to share.
Hype around startups — newly created businesses, particularly ones that are approaching new business models — has merit. But the concept isn’t as new and their impact isn’t yet as bold as you might hope — Millennials are on pace to be one of the least entrepreneurial generations on record.
Continue reading Here’s the data to put our country’s startup frenzy into context