US Competitiveness and American Innovation (Business Dynamism/ Startup Rate) — 4 Part Series

Ellen Chang
4 min readAug 28, 2020

American Entrepreneurship is vanishing! There have been fewer and fewer startups since the 70s! How can that be? Seems like everyone has a startup.

The American startup is dying. Twenty years ago, less than 40 percent of businesses were more than ten years old, according to Census data. Today, that number has surpassed more than half. Furthermore, the U.S. was home to 95 percent of global startup and venture-capital activity two decades ago. Today, that number has been cut…

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