Kindle Notes & Highlights
According to Global Entrepreneurship Monitor (GEM) researchers, the United States maintained about a 12 percent entrepreneurial activity rate between 1999 and 2015. Thus, more than one in ten U.S. adults was engaged in setting
Another 2010 study found that for all but seven years between 1977 and 2005, existing firms were net job destroyers, losing a combined average of 1 million jobs per year. By contrast, new firms in their first year added a combined average of 3 million jobs [Kane, 2010]. Venture-backed companies such as Amazon, Netflix, Apple, Google, Facebook, and Salesforce have accounted for significant new employment over the past two decades.
By listening to the desires of users and the needs of society, Mark Zuckerberg opted to forego ads and sponsorship until he could find a way to make them unobtrusive and, thanks to machinelearning software, tailored to be helpful.
Hah, as if!
