Focus on Scale Up, Not Start-up

Entrepreneurship, with all its headline-grabbing power, is misunderstood and overstated as a liberatory force when it comes to solving the challenges of economic growth. Start-ups get a lot of love and attention. There’s excitement and intrigue at the outset of a new venture, and the same goes for big buy-outs, acquisitions, and billion-dollar valuations. But the growth that takes place between start-up and exit—the scale—is what matters most right now. We need to look at the entire lifespan of a business, not just the birth, and support entrepreneurs through the most critical stages of growth. We must shift our attention toward scale in order to create and retain good jobs in the long term.

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