Can entrepreneurship rescue the U.S.? (interview) | VentureBeat
Sergey Zelvenskiy stashed this in business
Stashed in: Kleiner Perkins, America!
Suppose I treat Kleiner Perkins exactly the same way, in a regulatory sense, as I treat AIG. So I have the same restrictions, requirements, and registrations there. I take a business that was a simple business to operate with sophisticated investors that ran successfully for decades, and I make it a highly regulated business in which I worry about whether or not people are going to lose money. I will have done the opposite of what I need to do. Take the first Kleiner Perkins fund, which invested in Genentech and Tandem, to give two random examples. Their failure rate was 60 percent. You don’t get Tandem and Genentech unless you invest in 60 percent that fail.
Why do I get the impression that venture capitalists are unhappy with 60% fail rates?
The short answer to the OP question is, "no." When folks say "save America," they mean "get people jobs, pay taxes, provide healthcare, close deficits, fix immigration."
Basically, what Mitt Romney has been preaching. His five-point plan.
Here's the crux, though: America cannot be "rescued," because folks don't' truly want to "rescue" America. If you look at the Fortune 500, you can wager your eventually-non-extistent social security that the majority of those companies are and have been aggressively expanding into BRIC nations.
This is the duality of a market-capitalist society; since everyone is focused on the self, the collective will eventually lose out.
See the "skills don't pay the bills" panda whale stash/nyt article for reference. It's a zero-sum game, and the poor-middle class American will be on the losing end in the long-run.
10:45 PM Nov 24 2012