Washington Post

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I am struck by the current fascination with the idea of a businessperson being a desirable presidential candidate, and hope that we are not so desperate for a better economy that we are waiting for a knight in shining armor to be our next president.

I get why we are charmed by such contenders. We’re wired to admire successful business people. The concepts of self-determination and entrepreneurship are deep seated in the American Dream. Our country is built on the premise that entrepreneurial patterns work. Athletes, spiritual leaders, business owners and even politicians are admired when they “make it happen” through their own hard work and diligence – the ideal of the individual triumphing over all obstacles is deep within us. It’s how we like to see ourselves as a nation.

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Venture capital and innovation… who is following whom?

Here’s the myth: venture capital is the driver of innovation in the United States and is the financial engine disrupting industries and starting new ones. After years in the venture industry, I completely understand why the venture industry loves this myth. It’s good for business. However, the reality has become very different.

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