Kanye West Offers Advice to Entrepreneurs

October 11, 2013

According to The Economist’s Schumpeter columnist, “America’s engines of growth are misfiring badly.” A new book from two key executives at the Financial Services Forum showcases the real worries afflicting America’s startups. Three challenges particularly bedevil them:

  1. Human capital shortages
  2. Complexity and cost of government
  3. Access to financial capital

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The head of one of America’s leading VC firms—taking a cue from Kanye West, of all people—offers this nugget of advice to startups: It’s okay to be profitable.

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Richard Florida mapped the geography of American invention.

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Pascal-Emmanuel Gobry writes in The Federalist on “what the internet teaches us about healthcare”:

The healthcare system in most advanced democracies is like the walled garden internet. Just like in the walled garden internet, you can “shop” and “communicate” and do other things, in these systems, you have “hospitals” and “innovation.” Things happen. But as a matter of fact, there’s no real innovation–disruptive, changing the status quo.

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Forget OPEC—the United States is now the world’s energy giant. Robert Bryce, an energy expert from the Manhattan Institute, has a fact-filled analysis in Bloomberg of just how far the country has come.

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The Atlanta Fed finds that R&D spending in America continues to fall—is this a “new normal”?