The Ewing Marion Kauffman Foundation’s vice president of entrepreneurship recently took to national television to examine declining startup rates.
CNBC recently featured Victor Hwang to discuss the trend in declining startup rates, including generational gaps, cultural shifts, limited access to capital and the impact of regulations.
“It’s hard to pin it down exactly,” Hwang told CNBC. “There seem to be some cultural forces at work. It seems like entrepreneurship is starting to fall and we’re seeing a decline of economic dynamism. The Millennial set actually has much lower rates of entrepreneurship than you find in prior generations.”
In February, Kauffman Foundation leadership took to Washington D.C. to discuss common struggles entrepreneurs face, possible solutions and emerging trends with lawmakers. That visit also highlighted the foundation’s Zero Barriers to Startup Challenge, which is a collaborative, nationwide effort to identify barriers that get in the way of new business creation.
To learn more about three “megatrends” that have grabbed the foundation’s attention and informed some of its efforts to help reverse the startup deficit, check out this story.
Check out Hwang’s CNBC appearance below.