Nurture Start Ups

If we want to grow an economy, we have to nurture start up companies.  Hyde Park Angels has made that a focus since it’s beginning.  HPA doesn’t just write a check and hope, HPA uses it’s network and expertise to do everything they can to help your company be a success. 

An excerpt from Forbes, click the link and read the whole thing. 

Last year, the Kauffman Foundation noted that virtually all U.S. net job creation since 1980 has come from companies less than five years old. From 1977 to 2005, existing companies were actually job destroyers, losing 1 million net jobs per year; in contrast, new businesses added an average of 3 million jobs annually. The message seems simple: if we are serious about addressing the unemployment crisis, we need to fund and nurture new company formation.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: