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The Entrepreneurial Generation and America's Bleak Future

Entrepreneurship is all the rage, and that's a good thing. Small companies grow up to be big companies. Today's WhatsApp is tomorrow's Google (NASDAQ:GOOG). Today's Box is tomorrow's Oracle (NYSE:ORCL). Today's Tesla (NASDAQ:TSLA) is tomorrow's Ford (NYSE:F).Besides reinvesting profits in their own company's growth, successful entrepreneurs invest in other ventures. That's how today's founders grow up to be tomorrow's VCs. That's the innovation flywheel that fuels the American economy.Who in their right mind would have a problem with that model? It's kept the American Dream alive and well for centuries.But here's the rub. That model depends on the vast majority of the workforce being willing and able to work for someone else's dream, even if some do it just to pay their dues and learn the ropes before striking out on their own.What affect would it have on the economy if a disproportionately large percentage of an entire generation – fueled by a sort of irrational exuberance over entrep...

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  1. Inside the Billion-Dollar Fight to Foil High-Sea Hijackings

    Gone are the days of one-eyed pirates being chased by the dilapidated schooners of ancient naval fleets. The modern-day fight against piracy is more like a 21st cent...

  2. Wanted: X-Ray Vision for Focus Groups

    For as far back as we can remember, focus groups have been the go-to market research tool to gather insights to guide new product innovation. The problem is that, wh...

  3. Don't Fall Victim to the 'War on Technical Talent'

    Whether you call it the "War on Technical Talent" or something far less ominous, there is no doubt that there is a major shortage of qualified technical talent here ...

  4. Coolest Part of SXSW Had Nothing to Do With Parties, Music or Food

    When most people think of SXSW they envision big parties, live music, a mass of tech celebrities and some great BBQ. All of that is true.That is what I was expecting...

  5. 6 Israeli Startups Hoping for a Bite of the Big Apple

    GetTaxi http://global.fncstatic.com/static/managed/img/FB/gettaxi.JPGGetTaxi wants to revolutionize the way that New Yorkers get around with their “G-Cars,” says Jin...

  6. Nine Practices to Help You Say No

    Irene* is a great colleague. A senior manager in a large consulting firm, she pitches in when the workload gets heavy, covers for people when they're sick, and stays...

  7. 6 Expected Design Trends for 2013

    NYC-based startup Quirky Inc. takes crowd-sourced ideas for "cool" new products, puts the ideas through a rigorous voting process and then manufactures the winning d...

  8. Leadership Bubbles Need Some Fresh Air

    Everyone's eyes were on the senior executive as he stood in front of the boardroom and presented his case. He was advocating for our company to make its first acquis...

  9. Chicago Innovators Celebrate at the NASDAQ

    A handful of Chicago's up-and-coming companies celebrated their achievements by ringing the closing bell at the NASDAQ this week as recipients of the Chicago Innovat...

  10. Welcome to the Future: Wearable Technology to Take Off

    Many Americans have a tech gadget on them at all times—a smartphone in their pocket or a tablet in their backpack. But these gadgets may soon come out of hiding.The ...

  11. The Home Care Company With a Silicon Valley Soul

    Social media and aging senior care don't seem to go hand-in-hand. But for Home Care Assistance, an in-home senior care company, social media has been an invaluable t...

  12. Small Business Takes on Big Data

    Large companies have crunched numbers for years, using consumer-spending habits and other insights to steer customers toward products and target users.But now a grou...

  1. A Father's Journey to be a Catalyst for Change

    When it comes to matters of the heart, people often respond with a gut reaction rather than a well-thought-out plan of action.When Ilan Ganot, a banker at JPMorgan C...

  2. Capitalizing on a Once Marginalized Market

    Standing in a sunny, soon-to-be-open Brooklyn showroom organizing shirts and pants on various shelves, straightening models' clothing, and talking about his latest l...

  3. Target Tech Chief Beth Jacob Resigns

    Target (NYSE:TGT) said its chief information officer will resign as the company overhauls its digital security following one of the worst credit card breaches in his...

  4. Buffett Touts Detroit as Comeback Story

    Billionaire investor Warren Buffett, who knows a thing or two about good deals, is touting the potential of beleaguered Detroit as a comeback story.At a small busine...

  5. From a Reality Show to the Reality of Business

    Every business idea needs money, but selling your idea in front of millions of viewers and then being subject to scrutiny by a panel of some of the world's most succ...

  6. Indian Motorcycle Takes Aim at Harley-Davidson

    In the decades following its bankruptcy in 1953, Indian Motorcycle was the target of several companies that tried unsuccessfully to revive the storied brand, the lea...

  7. Brain Drain? Zynga Loses Top Talent to Optimistic Rival

    As Zynga (NASDAQ:ZNGA) lets hundreds of employees go as part of a broader streamlining, mobile game developer SGN is waiting on the sidelines, strategically siphonin...

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