“The latest report on the state of American entrepreneurship from the Kauffman Foundation offers more evidence of the robust nature of our entrepreneurial economic recovery — evidence that politicians and policy makers ought to keep in mind as they debate the nation’s economic future. ”
– It is interesting to note that “Minorities are more likely to be entrepreneurs than whites — “. It would be interesting to find out why. If you say it is because more minorities are out of work and thus are more able to then look at this finding, “But the study found that 76 percent of new business startups in 2003 were driven by the desire to pursue opportunities the entrepreneur saw in the market, while just 24 percent were started by people looking to create some income between jobs, typically as self-employed consultants.” Another point that seems counter-intuitive is, “In contrast, only 2,500 businesses received classic venture capital funding last year — and very few of these were startups.” Is it really worthwhile to pursue these avenues of funding if so few receive the funding? The real point here is that entrepreneurship should be considered the new economy in that it is what is really driving our economy. To me this smacks to much of the dotcom “new” economy and we all know what happened there. I must say it makes me feel a little patriotic though when I read that the culture of the Unites States is “one of seeking opportunities and taking risks,” and says the United States has a “distinct entrepreneurial orientation.” ” -ed.