Episode 279 • • 37:02 - 42:02
279: Dr. Watson I presume?
Austin Goolsbee, Startup America and the Valley of Death
Austin Goolsbee, Chairman of the Council of Economic Advisers, introduced the "Startup America" initiative using a whiteboard presentation. He described the "Valley of Death" that entrepreneurs must cross to scale their businesses. The program includes $2 billion in matching funds for venture capital, which is characterized here as a scam benefiting elite investors like Kleiner Perkins and Sequoia.