People started, you know, kind of opening their eyes to it a few years ago. Aug. 19, 2021 The coronavirus pandemic appears to have unleashed a tidal wave of entrepreneurial activity, breaking the United States at least temporarily out of a decades-long start-up slump. Why today's entrepreneurial boom is different | ZDNET But I do want to ask you, if you were someone who was going--had an idea for a small business, is now the time to do it? Im Tara Walpert Levy, and I lead the Americas business for YouTube, and I am thrilled that we can be here together in person to talk about this entrepreneurial boom, right? June 21, 2022 at 4:00 p.m. EDT. It's an honor to be here. So, to answer your question, we started these bus tours called The Rise of the Rest bus tours almost a decade ago, and it was built a little bit on the video you just saw--a belief that even though most of the venture capital was going to a few places--you know, 75 percent of venture capital going to three states, which is crazy, but true--that were--there are great entrepreneurs everywhere with great ideas everywhere. And when they're in those places, they found interesting things going on in those places. And the president really did focus, was one of his first priorities when he got into office, was to support those small businesses struggling through the pandemic. You know, one of the biggest pieces of advice that we offer entrepreneurs on YouTube is to hire people sooner--for all the reasons that you said--right?--to prevent burnout, to spread the impact, all of those things. Thank you. Some of that is creating the opportunity. I'm Cat Zakrzewski, a tech policy reporter here. And I'm just really grateful now, like, I think that's--for me, that's a step in the right direction, because I have two kids. And that means that families have been able to weather numerous crises over the past year. Now, I would note that some of these companies, including Facebook, including Twitter, many others, start by evangelizing decentralization and have open platforms, allow apps to run on it. So, I think there was extra hurdles and extra barriers. Washington D.C.'s fire department said on Sunday it had no reports of any incident after residents of the U.S. capital reported hearing a loud boom across a wide area. MS. GLADNEY: You know, we always say that we've always known how important these jobs and workers were, but it took a global pandemic for everyone else to realize. So, there's different programs that the Small Business Association is running, and Treasury, to help that navigation. And she said, you know what, I'm just going to start reaching out to VCs. I want to hear a little bit about what you're seeing, why you're doing this, what your takeaways are from your--from your travels. But what I'm curious about--and actually, here's a fun fact, fun party fact that I never thought I would quote from TurboTax as a fun party fact. By Washington Post Live. And I was just spoiled as a kid, like I have the most amazing memories eating his food. Like, I was 100 percent all in on this business, and I knew it was going to take like several years to monetize. Tuesday, June 21 Doors open at 3:15p.m. And I--you know, people say, oh, we have the same hours in the day as Oprah and Obama and Beyonce, then like, I had the same hours of the day as this woman right here. And I'm like, excuse me. He has worked closely with allies around the world for them to also release barrels from their reserves. Thank you for joining us today for this event on entrepreneurship. So, we launched on September 1st, 2020. I got them done, I sent them off, and I said I never want to do that again. Thank you, Steve, for joining us. But actually, some of the communities around the country that are most welcoming immigrants are in the middle of country, in the heartland. Founded in 2016 and now led by Hollinger, formerly CEO of the Restaurant Association Metropolitan Washington, the Greater Washington Partnership is an alliance of major employers and entrepreneurs . He has taken a series of very significant steps to deal with the crisis at the pump around the country. And now I'm the founder and CEO of a multimillion-dollar brand. When the president took office, his number-one goal was to get the economy back on track. But the heart of the storytelling has to be there--right?--or none of the rest of that works. If we're going to leave this audience with one quick thing--because they're going to hear a lot of content between now and the end of the day--when they're at home telling whomever about what they heard today, what's the--what's the one thing that you want them to remember? MS. MUHWEZI-HALL: Thank you. I mean, I know a lot of the VC funding is really concentrated on the coast, primarily in the Bay Area. So, what are those little nuggets that the White House and the administration thinks is good right now? MS. GLADNEY: It made it even harder. And so, we noticed that we didn't just have to help them find work, but also help them have opportunities to upskill, to find new career, new segues, because a lot of people during that time were reevaluating what was important. MS. GLADNEY: I mean, I--we say all the time that this is our first company that we've built together, but we've been building all our lives. And I think I would just love to see more support around that ecosystem and more support for creators like me. I'm so sorry that we're out of time. And for us, that's really our why, why we're doing what we're doing. And there was so many lengthy, tedious applications that they sent her to. And I was like, yeah, I don't sew for hire. But yeah, it's tough. But one of the things about when you go and buy gas at the pump, it actually is the case that gas stations are--tend to be--they tend to price their gasoline competitively. Welcome. And thank you. So, in those early days, we had to kind of build our own things. And so the faster that you can find people who are just as inspired as you are and just as excited about what it is that you're doing and want to help you take the help, like start figuring it out early. So, I think, in this, like, current time, it's never been easier for people--like ordinary people like me to turn, like, something they're passionate about into this, you know, exploding business. And the process, we believe, creates some of the great American success stories of tomorrow some--that could be kind of the big, innovative, disruptive companies of tomorrow--but also in the process help lift up some cities and some regions that have been left behind and were starting to feel a little hopeless, a little angry about being left behind. Sonic boom heard over Washington is a rare sound with a rich history So, even just changing the way that we're thinking about, you know, introducing people to the venture capital world. MR. IGNATIUS: Steve, well, what we authors usually say when we're talking about our books is it makes a great gift. And so, I mean, just to kick things off, you know, Deborah, can you tell us a little bit about how the QuickHire service works and matches workers with jobs? As someone with two sisters, I can't imagine ever starting a company with them. So, I actually ran into my colleague this morning in the stairs who's running this program. MS. G: And but it's hard, right? I remember in the wake of the murder of George Floyd, there were entrepreneurs who said to me that they were seeing these VC firms coming out with big statements. Because at the end of the day, really, you know, we're just helping each other create, you know, revenues for our family. Some will succeed, many will fail, and out of that will come this next generation, the next wave of the internet. This is an important service. Big business, Fortune 500, accounts for a lot of jobs. So, for me, it was a little harder in just that I had to figure it all out. I spent a lot of time in retail. MR. CASE: I understand. I'm always having to stay ahead. And then also, she wanted to borrow my computer. And that's just one of many examples that we're seeing all across the country that gives me great hope. MS. WALPERT LEVY: Yeah, that's cool. Virginia State Police said in a statement sent to AFP that first responders reached the site near the town of Staunton by foot some four hours after the crash. So how do you create better access, more affordability, better health outcomes? If you walk through the streets of Mexico City's hipster. What is your reaction to that? IBMs PC operations were in Boca Raton, Florida. When they're successful and go public, nobody looks at the, you know, IPO doc and says, oh, this one's in Ohio or Pennsylvania, not California, we're going to have a regional discount, but there is a regional discount at the early stage of investment. They were like, I want to buy the skirt. Im just going--had one. So being able to see someone walk in that--walk in that passion, that purpose that you know they always had in them has just been an honor to witness. So, things were very different for me, right? So, you know, as part of this small business creation process that you'd like to get streamlined, is there anything that you can streamline, I should say, from a regulatory perspective? The intercept caused the sonic boom heard across the Washington region about 3:10 p.m., according to NORAD. How do you think about the same question of people to support the business, the balance with control versus outsourcing? And then, yeah, during the pandemic actually, it was a pretty scary time. And so were incredibly lucky to have with us today two fantastic creator entrepreneurs who are willing to share their stories and build a little bit of this story for you to bring the phenomenon to life. MS. WALPERT LEVY: All right. And so that's an example of something in a place that most people had given up on, they were able to start building something that's quite significant. In a few moments, my colleague Cat Zakrzewski will talk with the founders of QuickHire, sisters Deborah Gladney and Angela Muhwezi-Hall. Residents of Washington, D.C. reported on Twitter that they heard a large boom or explosion, with some saying it shook walls. They'll discuss what inspired them to start their company, what it was like raising funds for it, and the pandemic's impact on both. You know, I have a second coming. So that's a very significant and important accomplishment, because most of us get most of our income from having a job. And when we first started, people thought it was a little bit of a crazy idea, much as when we first started AOL and were talking about the idea of the internet most people thought it was a crazy idea. You know, they're these inspirational stories that give me, having traveled around, met a lot of the people in a lot of these--and seen a lot of these places, gives me hope for America that most people don't have. Now we have a really great team, people who support us, who are always coming up with really great ideas for the next thing, right? ET. So yeah, that's really how we got started. But I did happen to see something that said in the last couple of years TurboTax reported that the number of people who report their primary income as being a creator or an influencer or the like has more than tripled in the past couple of years, which is just amazing--right?--given the growth that we've continued to see and that we're building off a pretty large base. You know, obviously, QuickHire has raised more than 1.4 million. It's one that certainly as an economist I'd be very concerned about. "Whilst the pandemic . A sonic boom heard in Washington D.C. on Sunday was caused by an authorized Pentagon flight, the Annapolis Maryland Office of Emergency Management said. And a good example of this was the Amazon second headquarters process; 230 cities applied for it. MS. GLADNEY: We're always raising. Words of wisdom about being an entrepreneur, raising capital and winning in the entrepreneurial game written and published by . MS. WALPERT LEVY: The Post, were talking about contributing to the economy, but okay. But here's another one where the exact same question that you just asked about gas also applies. Top 250 Movies Most Popular Movies Top 250 TV Shows Most Popular TV Shows Most Popular Video Games Most Popular Music Videos Most Popular Podcasts. Because we're always thinking about what's the next thing. And they're like, oh, there's talent in Kansas, what's in Kansas? So why is it not inevitable? June 20 2017 Receive free Mexico updates We'll send you a myFT Daily Digest email rounding up the latest Mexico news every morning. My name is Leigh Ann Caldwell. You know, in the prior year, in 2020, Congress had allocated all of this money to small businesses through the Payroll Protection Program. Will the--if you eliminate the tariff, will that--the lack of that tax be passed on to consumers? So, at the time, I had a specific situation that happened where a student came into my office. MS. G: Thank you. There's a bunch of plays that the cities have--need to run. You know, unemployment is very low. So, you do continue to see across the economy supply there--of course, there are some sectors where they are pinched. My name is Kris Coratti. And I'm joined by two wonderful guests today. It's affected supply. You know, we--our business completely shut down. Like, there was a reason why I sat on this idea until I knew Deborah was in, because she is such a doer. Filming was new to me. However, we also knew that, you know, HR tech is a relatively noisy space, there are a lot of players, a lot of big players. FILE - The sign for Joint Base Andrews is seen on March 26, 2021, at Andrews Air Force Base, Md. And in the process of doing that--and again, I should have known this; I did not know this--that most jobs in this country are created by new companies, startups, not by small business, not by big business, by new business. We had progression in mind. Thinking about those barriers, what changes need to happen in the venture capital industry to improve diversity? MS. CALDWELL: I want to ask about immigration. They had to close. The journey of an entrepreneur is a fight. You know, one of the most exciting things--and there's many exciting things about the bipartisan infrastructure law, but one of them that I've been very excited about is, you know, creating a network of electric vehicle charging stations around the country so that people can not only buy EVs but that they can go out and get them charged, you know, where they need to on highways or in communities around the country. So please join me in welcoming Mimi and Randi. MS. MUHWEZI-HALL: Exactly, the Rise of the Rest. And so, it struck me in that moment that while it's been quite some time since myself, Deborah, our parents have worked in the service economy, the way to get jobs are the same--and not just finding that job opportunity, but also finding opportunities for progression. So that can--it's very subjective, but there's some spin on how they're sharing their stories that's fresh in the ecosystem of, like, all the content that's already out there. It was completely new to me. MR. LAU: Yes. As you mentioned, interest rates are rising. But yeah, I think channels that have that have some sort of, like, uniqueness to them. Menu. So, we had that barrier in a way in really trying to show that we were different. So, we--and we know also that inflation isn't just a problem here in the U.S. It's going to require navigating some interesting policy aspects. There are many, many examples that. Read top stories published by Raising the Entrepreneurial Boom. The Financial Times reports, citing official state statistics, that a boom in entrepreneurship in many countries has been recorded against the backdrop of the coronavirus pandemic of 2020: So, I put a PayPal button on my blog post, I went to bed, I priced really high, like 275. MS. MUHWEZI-HALL: Yeah. MR. CASE: Well, it's great to be here at The Washington Post, particularly with David who--when AOL went public 30 years ago this year, David was the business editor of The Washington Post and Kara Swisher was the new reporter working for him covering us. And also making sure that people are fulfilled. Its afternoon; I feel like maybe Im getting you coffee or something. And you know, that is a signal that because the economy got, you know, back on track, because America got moving again, and because entrepreneurs saw opportunity, they filed to start new businesses and went out and, you know, took advantage of the moment to do that. So, yeah, please start early. MS. BOUSHEY: Oh, well, that's a great question. We've also seen in recent months especially the people coming back into the labor force, we've seen older folks who tend to cycle in and out of retirement coming back in more similar to traditional patterns. MR. LAU: I think, you know, storytelling has been around for thousands of years, and it's going to continue being around for thousands and thousands of years. MR. IGNATIUS: I don't mean Wichita per se. But you know, right now, we remain optimistic that we will not have to see something that will lead to the kinds of scarring of American families that we really don't want to see. One is to increase their access to credit, which as interest rates rise will be increasingly important. So, he said this is a data problem and built a very significant company that's now scaled nicely and partnering with I think it's 70 percent of the National Cancer Institute hospitals so that the data they're able to pull together really make something possible in terms of a diagnosis being more thoughtful, and therefore the intervention being much more, you know, targeted. What does that business need to have in terms of community support, educational support, that will give it some momentum? And so, that's really what was the catalyst for it. I mean, there's only so much you can do when you have to buy a commodity that is priced on a global market, and that therein is the fundamental challenge, is that because we all use gas in our cars or in all sorts of things, in oil, we have to--we are victims of these global prices. And they're also sisters. Wine reception to follow Location The Washington Post 1301 K Street, NW Registration is required to attend. If you run a small business, or if you have a small business where people are telecommuting, or you need to, you know, contact your suppliers, you need access to the internet, super important. MS. ZAKRZEWSKI: That's a great point. MS. ZAKRZEWSKI: And so, you said that call came in 2020, which, of course, was when we saw the onset of the global pandemic, a time of immense economic uncertainty. And so he has asked Secretary Granholm at the Department of Energy to meet with the oil refiners and to have a conversation about what they can do to get prices down. Uploading, sharing my life, all of that, you know, stuff was really different. That's awesome. I said, who's going to pay me $275 for a skirt. That's going to require a lot of innovation, including from a lot of entrepreneurs partnering with a lot of existing kind of incumbent companies and/or hospitals to make that possible. MR. CASE: Thank you all. So, these are just some of examples--I could give you a dozen others--several dozen others--it was actually regionally dispersed when we were standing up the internet, building the onramps to connect people to the internet. And I think for the channels that I've seen like really take off exponentially, I think--for me, I think it's like, I see two--maybe just one thing. MS. G: I think it's been a very different road. MS. ZAKRZEWSKI: And I want to just take a moment to open up to our audience that we will be taking questions from you, too. So I think they really have a unique value proposition to their channel. Are you confident? Take healthcare, for example. Some of it is being a welcoming community to different people from different places. So yeah. MS. CALDWELL: The first thing you said, though, was making sure they have access to credit. Deborah Gladney So, the president is focused on all of the different options and where he can work with Congress to help families. You are correct in saying communities, in order to be successful, need to figure out a way to slow the brain drain of their people leaving and create a magnet, a boomerang, if you will, people returning and have new people moving there either from different parts of the country or different parts of the world. MS. WALPERT LEVY: You contributed in a lot of ways. And because we live in an economy characterized by global supply chains, when a factory closes halfway across the world, it means that parts can't get to another factory, which can then not get to another factory, which means that you can't make a car in Tennessee, or wherever, here in the United States, and then that can't get to the--to be sold. Like, you guys will hear a couple more times how I've been in this for a while, going on 10 years. That's when Silicon Valley rose to prominence, arguably dominance, because it was about software and coding, and virality. So, a lot of people were like, you know, home/life balance, I decided to go home, and now I'm spending time with my children, something I haven't been able to do. Key House Republican moderate on debt ceiling debate. Now forecasters, you know, earlier in 2021, in 2020, were predicting that it would take years for us to get below 4 percent unemployment. So, if you want to tweet questions, please use the handle @PostLive, and we'll try to get them in the conversation. My--the impetus was my dad's an amazing chef. We back the company in Chicago called Tempus thats doing some really interesting things around the diagnosis of disease, initially focused on cancer so that--and the founder Eric Lefkofsky, a very successful entrepreneur, his wife was diagnosed with breast cancer I think about six years ago, he talked to different people, everybody gave him different opinions about what to do. And you know, one of the first things he did, February 24th, for two weeks in 2021, the people that could apply for that program had to have fewer than 20 employees. Eastern Kentucky, essentially, is coal country in Appalachia, which for decades people have said there's no hope. I just mean in general. But fundamentally, this is a supply side shock, and it's being exacerbated by the situation in Ukraine, which has, of course, upended oil markets globally. So, I've always wanted to document his recipes in some shape or form. And theyre women. But not only that, just fundraising in general, we had no knowledge, no connections whatsoever. But I think in that uncertainty, it gave me a lot of space to think about what I wanted to do with my life and what kind of legacy I wanted to leave. Steve Case, Heather Boushey, Deborah Gladney and Angela Muhwezi Hall on So, it's like, well, we've reached that goal, like what's the next goal? Secretary Gina Raimondo and Purdue President Mung Chiang on the workforce of tomorrow. So, we started to see unprecedented things like sign-on bonuses and health benefits--things that should have always been offered, but never really were. The Washington, DC area was yesterday rattled by a sonic boom caused by military jets sent to pursue a wayward plane that later crashed into a remote part of Virginia. They took another--a number of other steps to make it easier for the smallest businesses--businesses, you know, run by women, by people of color, in disadvantaged communities, rural communities, to make it easier for them to apply. We didn't know what the shape of the pandemic would be. Case, Boushey, Gladney and Muhwezi-Hall discuss - The Washington Post It was like, you need to have a warm intro through somebody, but it's like, what if I don't have the existing connections? Virginia plane crash, scrambled F-16s and a sonic boom; what we know So, I think that that's part of it. We've now made over 200 investments in a hundred different cities alongside 400 regional venture capitalists. He's made it possible for gas stations around the country to sell gasoline that has a little bit more ethanol in it. How do you think about the surrounding yourself with people who can help? That's a wonderful change for us. Second, is a real whole of government effort to help small businesses navigate the bureaucracy to get what they need. Hey, this person said that they have a desire to become a supervisor, I see you have an opening, send them that information, so that people are continuously moving up. My--actually my cousin helped me translate. And so, there was a little bit of even teaching people about what we're doing and how they can invest in us and all of that. And venture capitalists finally on the coast said, well, if I'm going to get a pitch from an entrepreneur by Zoom, what difference does it make if they're like next door or 2,000 miles away? I've been asked to co-chair it again, which I'm, you know, proud to do. I actually used to live in Wichita, right? So, it makes sense as an investment strategy. MR. IGNATIUS: Good answer to my question. . MR. LAU: I think it--as we saw really rapid success, I think it just, I--from the beginning, I treated it like a full-time job. MR. IGNATIUS: So before we begin, I have a quick disclosure. Startups companies have been booming during pandemic After waning for decades, applications to start businesses surged last year. So, it was pretty terrifying. Thank you, Steve. Lost in the gloom, an entrepreneurial boom - Nieman Lab This company now has 600 employees. You outlined some good things that are happening in the economy. So, I want to thank you again for joining us. And that's also why the president has been so focused on moving away from fossil fuels towards clean energy, where if we do it the right way, we can have more control over the supply of those--of that energy over time. If there's nobody investing in a place like Wichita, or very few, then the valuation of that company would be lower if that's same company was in Silicon Valley when they're new and starting up. Washington Post columnists and reporters speak with Steve Case, chair and CEO of Revolution, Heather Boushey, a member of the White House Council of Economic Advisers, and Deborah Gladney and Angela Muhwezi-Hall, co-founders of QuickHire, for a series of conversations about entrepreneurship. So that was, like, the gap in the market that I saw. MS. G: You absolutely need to surround yourself with people.
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