FT has an interesting Lex column today about US employment. Two things about entrepreneurship in particular stood out:
- “Since 1977 about 700,000 new businesses have been started in the US every year. The number barely changes from year to year.”
- “A ballooning in both venture capital funding and university courses on entrepreneurship since 1980 has had no effect on the rate of business formation.”
Wouldn’t have guessed that.