smart-people-should-build-things
Andrew Yang argues top graduates should create companies and jobs in struggling cities rather than clustering in finance and consulting.
Kindle Highlights
Highlights
goal is to make it as straightforward to become a startup manager or entrepreneur in Detroit or New Orleans as it currently is to be a professional in New York City or Washington, DC. — location: 148 ^ref-11893
In 2011, 29 percent of employed Harvard graduates went into finance or consulting, while 19 percent of the class applied to law school and 18 percent applied to medical school.1 That’s a majority of the class. — location: 288 ^ref-41669
If the US economy had generated as many startups each year for 2009–12 as it had in 2007, the country would have produced almost 2.5 million new jobs by 2013.5 — location: 320 ^ref-13209
professional services socialize individuals in ways that are not conducive to their ability to contribute in other ways. All of us, and particularly young people, have a tendency to view ourselves and our natures as static: you’ll choose to do something for a few years, and you’ll still be the same you. This isn’t the case. Spending your twenties traveling four days a week, interviewing employees, and writing detailed reports on how to cut costs will change you, — location: 340 ^ref-6038
Because these new hires are often the very individuals who otherwise would have comprised the most robust pool of prospective founders of high-growth companies, the financial services industry’s steady rise has had a cannibalizing effect on entrepreneurship in the U.S. economy.” — location: 518 ^ref-23076
In the startup setting and in most small companies, the output is action-oriented. — location: 603 ^ref-42393
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