Here at Venture for America, we recruit and train aspiring millennial entrepreneurs who want to learn how to build businesses. Our goals are to help create 100,000 new U.S. jobs and revitalize American communities. I started VFA in large part because the national entrepreneurship stats among young people are starkly negative — fewer 18 to 30 year olds are starting businesses than at any point in the last 24 years. This struck me — and the people who support VFA — as a train wreck. Fewer new companies today means fewer new jobs tomorrow.
So what businesses and initiatives will 24-year-old entrepreneurs start if given the chance? Every year, we have a crowdfunding competition to find out. Our Fellows post their projects on Indiegogo, and we put up $15k in prize money as extra motivation.
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