The Economist reports an extraordinary startup boom in America, with a record 5.5 million applications to form US businesses last year. While there is a slight slowdown this year, the monthly average remains significantly higher than pre-Covid levels. Interest in early-stage startups has surged in the investment world in recent decades.
'Last year applications to form US businesses reached 5.5m, a record. Although they have slowed a touch this year, the monthly average is still about 80% higher than during the decade prior to Covid versus just a 20% rise in Europe.' @TheEconomist https://t.co/WXlIa3GeeP
The Economist: America Is In The Midst Of An Extraordinary Startup Boom https://t.co/YOvn8zOra6
In the past few decades, early-stage startups have experienced a ton of interest in the investment world. Read more here:https://t.co/gQ9Vjlxfzc
THE ECONOMIST: “.. America is in the midst of an extraordinary start up boom .. An array of data indicate that Americans are rediscovering their go-getting spirit.” 🇺🇸 @TheEconomist @SimonWDC https://t.co/0umFkT71ZS https://t.co/sFBIq33LZO
Entrepreneurship friends: who has best data on new business formation (esp high potential business formation) outside the US (w/ roughly 40% rise since 2020)? Is there a similar trend in any other advanced economies?