If you go deep into a problem, you'll find most all of the time that there are yet more problems to be solved from the ground up.
Venture for America operates in communities that could generally use more innovation: Detroit, New Orleans, Baltimore, and other U.S. cities. So I'm obviously a big believer in innovation and progress as key drivers of economic growth and prosperity.
Before Starbucks, there wasn't as much of a coffeehouse routine; we generally drank really cruddy diner coffee.
Retail businesses have narrow margins. If you cut off a flow of young consumers, it's only a matter of time before the businesses struggle and fail.
One reason why entrepreneurs are admired is that they often take on a degree of risk in launching a new business.
A company can set off in one direction, figures out that it's not the right way to go, and then go in an entirely new direction. Over time, the product or service improves, and the company gets better at executing and delivering.
I like most of the venture capitalists I know; they're smart, well-intended guys who genuinely enjoy helping entrepreneurs succeed. And I love venture capital and investment capital of all categories - its economic impact is proven. The more of it the better.