The Startup America program is being organized to help a relatively small number of companies they believe have the potential for "hypergrowth". The program had great promise, but as currently organized is elitist, seems to be taking on elements of cronyism, has several built in conflicts of interest and may have been captured by big business. In many ways, it is reminisent of the bank bailout and stimulous programs - both of which helped the well off, but did nothing for small business.
This approach of the Startup America Partners could be a political disaster, and might even cost Obama the Presidency in a close election. Specifically, they are ignoring the huge number of "zero employee companies", a vast constituancy that could number as many as 40 million Americans, but has been virtually ignored by our political system. As currently structured, it will do nothing to help these companies realize their potential, and there is no sense that they even understand or want to help them.
There is a better way, but first we have to acknowlege the serious problems with this program, and begin to explore alternatives that could be far more effective. Small business and startup companies are the one best hope for America, and they deserve better than this.
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