TheAmerican job market has changed. One way that Americans are tackling the lack of jobs is by putting a huge amount of energy into start-ups. This can create opportunity for some massive companies like Google and Apple, but can also result in a huge waste of time and energy for many. One of the funds I invest with was pitched by almost one company per day last month with ideas as diverse as a new sales platform to take-on eBay, a new tequila brand (just what the world needs), and a line of pocketbooks whose differentiating factor is that they come in different colors. Few will succeed; many will not.
Even so, with all of the companies that are started on an annual basis, the ones that don't become billion dollar opportunities still have relevance somewhere. So much time is wasted by great people working on concepts that just won’t scale into the next Instagram. Many are good ideas but have a limited market opportunity. The startup world seems to have a done great job with promoting the concept of failing fast. Thank goodness!
As the U.S. economy continues to change into a much more entrepreneurial model, there will be fast failures (great!) and there will be huge success (great!), and now there is a place to help the middle (great!)
Check out Upcelerator.com, and please forward this to friends that are stuck in the middle.
