Some men see things as they are and ask why.

Others dream things that never were and ask why not.

George Bernard Shaw

Over the last decade we assumed that once we found repeatable methodologies (Agile and Customer Development, Business Model Design) to build early stage ventures, entrepreneurship would become a “science,” and anyone could do it.

I’m beginning to suspect this assumption may be wrong.

The SEC’s framework for accredited investors is outdated, in a manner that contributes to assertions of discrimination, and actively harming the ability of startups to access early-stage capital. The 2025 Trump administration is clearing taking different approaches to financial regulations, but the real power to fix this issue lies with Congress.

Entrepreneurship generally refers to "an action, process, or activity that involves the startup and growth of a new enterprise." While the umbrella of what may be considered entrepreneurship is large, in this report, the term refers to the creation and growth of a new business enterprise, especially one that provides economic growth or development. Entrepreneurship may be carried out by an individual business owner starting a new endeavor or within an existing firm that develops a new product, service, or process …

The United States has seen a decline in business dynamism, which is critical for innovation and economic growth. Major factors driving the decline in dynamism include labor market frictions, financial frictions, and regulatory costs. Reduced dynamism means fewer jobs, slower wage growth, reduced innovation, and less competition. Policymakers should consider reducing licensing requirements, reforming health insurance, improving access to capital, repealing stock buyback taxes, and allowing immediate expensing for research and development. These measures can revitalize entrepreneurship and promote economic prosperity.