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Log In / Register | Dec 19, 2014

Big Biz Pledges $1.2B in Services to Startups

For those who haven't found the right franchisor yet or are thinking that perhaps they'd be better off going it alone, the Startup America Partnership that Steve Case and Scott Case (no relationship) are spearheading may provide some help or inspiration.

. . . the Cases want the Startup America initiative to serve as a practical tool for entrepreneurs who can benefit from private sector largesse (free legal and accounting services, for example), industry expertise, and professional connections.

While only about 2,200 startups have signed up to use the resources available through Startup America’s site, Scott says corporations including Dell, Google, and Microsoft have pledged about $1.2 billion in services for participating companies. He aims to get 100,000 startups to sign up by April by prodding supporters to recruit from within their own circles and corporate partners to push their customers to join. He estimates there are 1.5 million to 1.8 million U.S. companies that fit within the high-growth rubric that could benefit.

“At the personal level, [entrepreneurs running high-potential ventures] are different people; they have a different mindset…[they] think that they’re going to disrupt the world or create a whole new market,” says Scott. “But that process, that churning out there in the unknown is what creates these blockbuster high-growth companies that pop out of seemingly nowhere. We need more of that in this country. And we need everybody that’s around those companies to recognize them, because that’s where huge opportunity lies.”

Proper due diligence before getting involved with a government program or another company is strongly advised.

Bloomberg BusinessWeek

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