This may sound odd, but the United States needs a revival in entrepreneurship.
Venture capital funding is at levels not seen since the dot-com bubble, and angel investment has grown strongly as well. Startup valuations are astronomically high, with dozens of companies above the $1 billion mark, including Airbnb, Dropbox, and Jawbone. The data firm CB Insights counts 588 companies in its 2015 “Tech IPO Pipeline.” On college campuses, entrepreneurship has been the fastest growing curricular, co-curricular, and extra-curricular activity on campus in recent years. And, business accelerators and incubators have proliferated wildly. There is even, to the chagrin of many, an Entrepreneur Barbie.
American entrepreneurship has never been stronger, right? Unfortunately, it doesn’t appear that way.