How startup failures drive economic success – The Startup America Partnership

"If you sit in a room of 200 startups, and you ask which of them are small businesses, no one will raise their hand," he said. "What they’ll tell you is that they are giant businesses that just haven’t scaled yet." Scott Case, chief executive of the Startup America Partnership .

Entrepreneurs don’t often succeed with their first startups, and many continue to fail with their second and perhaps even their third. But that’s not the point on which policy makers should focus, according to several experts who spoke Thursday on the Hill.

By J.D. Harrison

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The Startup America Partnership is based on a simple premise: young companies that grow create jobs. As a core American value, entrepreneurship is critical to the country’s long term success and it’s time to step up our game.

We have three main goals:

1. Provide valuable resources and connections to help young companies grow

2. Support regional startup ecosystems throughout the country

3. Recognize startups as the drivers of our economy and their founders as American heroes

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