I have spent the majority of my adult life investing my own and other people’s money in entrepreneurs. That’s why I know the U.S. has a serious problem on its hands.

Although the stock market has tentatively rebounded, funding for the one area in which America has a distinct competitive advantage–that is, new company formation–is in scary decline. That may be a familiar refrain by now, but that doesn’t make the ramifications any less real. Or less dangerous.

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