Is Entrepreneurship Just About the Exit?


Here is an excellent article I just read on Techcrunch written by Vivek Wadhwa, about entrepreneurs and  entrepreneurship:

David Park and Eric Bahn are earning more at their startup, called Beat The GMAT, than they ever did in the corporate world. Every penny of profit from the business goes directly into their bank accounts. They enjoy being their own bosses; have become experts in sales, marketing, customer support, computer programming and graphic design; feel good about helping students gain admission to business school; and are grateful that they can spend their time doing things rather than discussing things—because they don’t answer to anyone. Why should they sell their business and be back to working for companies like Intuit or McKinsey & Co., they ask? Read more of this post

Dear Mr. President: Immigration Reform Won’t Be Enough To Stop The Brain Drain


I just finished reading this article on Techcrunch. Being a Washingtonian and only a few blocks from the White House, I felt obligated to provide as much exposure as possible to this great article by Vivek Wadhwa . I hope somebody from the Administration pays attention to this:

In a speech at the American University last Thursday, President Obama highlighted the incredible economic rewards that America has gained from its immigrants. He spoke of new waves of immigrants—from places like Ireland, Italy, Poland, and China—challenging the generations before them, and consequently being subjected to “rank discrimination and ugly stereotypes”.  Yet the immigrants kept coming to America. That’s because it was the only land of opportunity. The President wants lawmakers to fix the immigration system so that America can remain globally competitive. But I don’t think it’s that simple. America is no longer the only magnet for the world’s best and brightest. Fixing immigration policy is an important start, but it won’t be enough to stop the brain drain of highly educated and skilled workers that the U.S. is presently experiencing. Read more of this post

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