America’s entrepreneurs are brimming with promising ideas. But they appear to be struggling to transform innovations and insights into successful companies with broad reach.
That’s the conclusion of new research and a policy brief from the Massachusetts Institute of Technology’s Catherine Fazio, Jorge Guzman, Fiona Murray and Scott Stern.
“To the extent that the current state of American entrepreneurship is facing a crisis, it is not in the rate of creation of high-growth potential startups or even in the initial funding of those firms, but instead in the potential of those firms to scale in a meaningful way over time,” the authors said.
