'No Plan B' to sub for expanded entrepreneurship, Case says

“Entrepreneurship is the secret sauce that makes America tick,” says Steve Case, an entrepreneur who ought to know.

The founder of AOL told a Northern Virginia Technology Council breakfast audience on Oct. 14 that one of his goals as a member of the President’s Council on Jobs and Competitiveness is to get the nation to focus on expanding entrepreneurship, immigration reform in Congress, and venture capital to help startup companies succeed.

“We didn’t become the leading economic power in the world by accident,” he said. Advancing entrepreneurship will take a concerted effort, Case added. “There is no Plan B.”

Case, now chairman of the Startup America Partnership and chairman and CEO of Revolution, called on organizations such as NVTC to put pressure on both congressional Democrats and Republicans to pass immigration legislation that would make it easier for U.S.- trained foreign students to remain in the United States after they earn their advanced degrees.

“The politics of the economy should take precedence over the politics of immigration,” Case said.

Referring to his expertise as an angel investor and the jobs crisis in the nation, Case said there needs to be greater public and private financial support for startups. The number of new businesses has declined by 23 percent in the past three years, he said.

In addition, business owners should think more about going public with an Initial Public Offering than selling their company when it reaches a certain level of success.

“Ninety percent of job growth takes place after an IPO,” but jobs are lost when a company is sold, he said.

About the Author

David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.