I have spent the majority of my adult life investing my own and other people's money in entrepreneurs. That's why I know the U.S. has a serious problem on its hands.
Although the stock market has tentatively rebounded, funding for the one area in which America has a distinct competitive advantage--that is, new company formation--is in scary decline. That may be a familiar refrain by now, but that doesn't make the ramifications any less real. Or less dangerous.
America was built on entrepreneurship: Coca-Cola ( KO - news - people ), Kellogg ( K - news - people ), Ford Motor Company ( F - news - people ), the list of household names goes on and on. Judge a business-plan competition at almost any American university and you'll hear about the next Googles and Intels. Our culture breeds dreamers who eagerly work 70 hours or more a week to improve our professional and personal situations.
To read the full, original article click on this link: A Funding Fix For New Businesses - Forbes.com
Author: Walter Buckley