Sometimes it helps to remind ourselves why we need to foster startups and innovative new companies. One big reason – we simply can’t count on large corporations to create jobs. We need startups and lots of them, because they don’t create the number of jobs per company we saw with manufacturers. In fact, when Facebook acquired Instagram for $1B in 2012, it had just 13 employees! Consider our own multi-billion-dollar rock stars – Live Oak Bank with 550 local employees – or nCino with 675. We’re still talking hundreds, not thousands of jobs for even the most astonishingly successful ventures.
