It’s become an article of faith that American entrepreneurship is in trouble. The problems are many: lack of capital, too few entrepreneurial immigrants, excessive regulation, an aging population, slowing population growth, and rising student debt. But while experts across the country debate the causes and propose solutions, Scott Shane explains that the data just do not fit. Dismantling each of the most widely accepted theories in turn, he persuasively demonstrates that—while an evolving market is changing the nature of most startups—entrepreneurship is actually alive and well. Shane reveals how the number of incorporated startups is rising, fewer startups are failing, and the number of businesses backed by investors is increasing. The overall picture is positive. Exhaustively researched and compellingly told, this book will be read and discussed for years to come.
Winner of the Outstanding Academic Title for 2018 award sponsored by Choice
“An in-depth look at the story of declining entrepreneurship in the U.S. that attacks myths and preconceptions with hard data.”—Andrew Yang, founder of Venture for America and author of Smart People Should Build Things
"Scott Shane debunks prevailing theories and asserts that the essence of entrepreneurship is not on the decline, but has instead shifted. Critical read for ecosystem builders and all who drive startup culture."—Deborah D. Hoover, President and CEO, Burton D. Morgan Foundation
“Scott Shane carefully distinguishes those who form companies from those who create jobs. Founders decline, but employers grow in number and success. Shane aligns all the reasons pro and con. Read this book!"—Edward Roberts, Founder and Chair, MIT Entrepreneurship Program
“An in-depth look at the story of declining entrepreneurship in the U.S. that attacks myths and preconceptions with hard data.”—Andrew Yang, founder of Venture for America and author of Smart People Should Build Things~Andrew Yang