[wins32767]

> earlier stage startups (which drives most new job creation in the US)

This is absolutely not true.

[mrandish]

I was referring not to just valley tech startups but investing in new small businesses overall. Per the U.S. Gov Small Business Administration:

> "Despite the jobs lost during the recession, large businesses generated 6.7 million net new jobs over the past 25 years. During the same period, small businesses generated 12.9 million net new jobs, meaning small businesses have accounted for 66 percent of employment growth over the last 25 years."

https://advocacy.sba.gov/wp-content/uploads/2022/04/Small-Bu...

[mkl]

That's about the size of the business, not about being new and rapidly growing. I think the large majority of small businesses are not startups.