ENTREPRENEUR.COM: Failure: Go From Moping to Hoping

April 22, 2014
By Neil Parmar

For many entrepreneurs, this scene is all too familiar: “I lay on my floor looking up at the ceiling, wondering how it had come to this,” writes Andrew Yang in his new book Smart People Should Build Things. “I’d just been responsible for investor losses of hundreds of thousands of dollars and would be naturally lumped in with the second-rate dot-com entrepreneurs of the bubble who were now considered lousy businesspeople.”
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SCHOOL FOR STARTUPS RADIO: Andrew Yang of Venture for America and Author Glenn Carver, are on School for Startups Radio with Jim Beach

March 31, 2014

Andrew Yang is our first guest on School for Startups Radio today. Andrew was a big-time corporate lawyer and decided one day that it was not for him. He felt compelled to become an entrepreneur and started a company, which after spending quite a deal of his friends and families money, failed. He realized that he loved being an entrepreneur, but was in a hard position to ask for more money now to start another business! And Andrew saw that there would be lots of other people in similar situations, people who wanted to be an entrepreneur who just did not know how. Very wisely, Andrew got jobs at small startups where he was able to learn the basket of skills needed to run a startup and to develop the connections needed in the industry. He excelled with these companies, but knew that he had to again venture out on his own. With the help of some of his new connections, he was able to start Venture for America, an amazing organization that provides entrepreneurial experience for people in their young 20s. Sounds like a great program to us, congratulations Andrew for this great initiative. And you will never guess one of the most popular cities for young students to return to!

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BUSINESS INSIDER: 3 Elite Grads Share Why They Moved To Detroit

March 5, 2014
By Richard Feloni

As Detroit leaders work to pay back the city’s estimated $18 billion in debt, one entrepreneur is building a rich startup culture that he hopes could revive the Motor City.
Venture for America founder Andrew Yang plans to bring back an entrepreneurial spirit to lower-cost cities by placing top graduates from the country’s elite universities into startups in Detroit, Las Vegas, and New Orleans.
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BLOOMBERG BUSINESSWEEK: Is Wall Street Pay Hampering U.S. Innovation?

February 26, 2014
By Sheelah Kolhatkar

In 2009, when the economy was still convulsing from the financial crisis, Daniel Roth (now Linkedin’s (LNKD) executive editor) published a piece about the future of Wall Street suggesting that the financial industry’s temporary paralysis might be a good thing. “No one likes to see an industry die, but there is an upside,” he wrote in what seemed like a prescient article in Wired magazine that June. “Often, smart cubicle refugees will seize the opportunity to pursue their entrepreneurial dreams, unleashing waves of innovation upon society.” He cited the decline of the Hollywood studio system and the birth of independent film as an example of how one big industry’s collapse might prompt a flowering of creativity and new enterprise.
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POLICY MIC: Why Every Smart College Grad Should Seriously Consider Working At A Startup

February 13, 2014
By Aimee Groth

Many of America’s most highly- educated college graduates are making a big mistake. They are listening to the siren call from consultancies and financial firms, forgoing the entrepreneurial path that could ultimately lead to job creation, innovation, and a higher quality of life for everyone.
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FINANCIAL TIMES: Beware the Faustian pact of the professions

February 11, 2014
By Luke Johnson

I think all humans are born with an innate desire to create. I see the instinct in my children, when they construct miniature worlds with Lego sets. Some of us are lucky enough to exercise such impulses as an adult, either at work or in our hobbies. But tragically, many intelligent and ambitious young people never pursue such a path in their careers. Instead, they enter into a Faustian pact and join one of the well-paid professions such as law, accountancy, banking or management consultancy. For all those bright starters, I suggest they read a new book called Smart People Should Build Things , by ex-corporate attorney Andrew Yang.

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