Policy-makers concerned with entrepreneurship have long favoured the “shots on goal” approach: Try to encourage as many startups as possible. Most of those companies will fail. Of the survivors, most will never grow into major economic engines. But statistically, a few will turn out to be the next Amazon, with huge rewards for their local economies.
In theory, it is those ambitious companies that policy-makers should be working the hardest to foster. The problem is that no one has known how to identify them. Read More>>