Tuesday, September 30, 2008
What about an equity bailout?
Why cannot our Government trust in the power of entrepreneurship? Fundamental businesses and jobs are created by hard working entrepreneurs. So, shouldnt the US $700 billion bailout package also setup an innovation equity fund or small business equity fund to infuse equity capital into deserving businesses as opposed to debt? While credit takes center stage, the US Congress seems to have simply ignored the need for lowering the risk for able minded entrepreneurs to create new companies that later turn into large corporations. Now we know that this bailout package is an aimless one with no one willing to elaborate if the outcome will be successful. We at least know that innovative entrepreneurs produce enormous IP and thousands of new jobs. Write to your House Representative/Senator and demand that they believe in the power of entrepreneurship and set aside at least$20 billion toward an equity fund.