VCs Applaud ‘Startup America’ But Question Long-Term Impact

January 31, 2011 source: The Wall Street Journal

Venture capitalists are feeling good about the launch of Startup America, a White House-led partnership of private companies and investors to promote entrepreneurship in the U.S., but acknowledge that it’s impossible to say what long-term impact the program will have.

Randy Hawks“It will be interesting to see what this ultimately becomes,” said Randy Hawks, a managing director with Claremont Creek Ventures. “At a minimum it’s a good showcase for what everybody’s already doing. It helps the policy makers understand how much force is behind the entrepreneurial economy.”

“Startup America” will be run by Carl Schramm (L), president and CEO of the Kauffman Foundation, and Steve Case, the co-founder of AOL and chairman and CEO of investment firm Revolution

 

Read the full article at, The Wall Street Journal

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