Startup America, a new public-private entrepreneurship initiative announced last week at the White House, has the best of intentions. But it isn't going to work.
By Steve Blank, contributor
For its first few decades Silicon Valley was content flying under the radar of Washington politics. It wasn't until Fairchild and Intel were almost bankrupted by Japanese semiconductor manufacturers in the early 1980's that they formed Silicon Valley's first lobbying group. Microsoft didn't open a Washington office until 1995.
Fast forward to today. The words "startup," "entrepreneur," and "innovation" are used fast, loose and furious by both parties in Washington. Last week the White House announced Startup America, a public/private initiative to accelerate accelerate high-growth entrepreneurship in the U.S. by expanding startups access to capital (with two $1 billion programs); creating a national network of entrepreneurship education, commercializing federally-funded research and development programs and getting rid of tax and paperwork barriers for startups.
What's not to like?
My observation. Startup America is a mashup of very smart programs by very smart people, but it is not a strategy. It made for a great photo op, press announcement and impassioned speeches. (Heck, who wouldn't go to the White House if the President called.) It engaged the best and the brightest who all bring enormous energy and talent to offer the country. The technorati were effusive in their praise.
I hope it succeeds. But I predict despite all of Washingtons' good intentions, it's dead on arrival. More
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