Startups need more than just investment. They also need experience. Experience in their markets. Experience growing and leading a team. Experience developing and marketing a product. But, that is often the one thing that most founders lack. They’re new, they’re just starting out, they’re learning as they go.
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Peter Thiel is one of the savviest investors of our time. His $2.5 billion net worth is proof of that. So when Thiel says the next big innovations will be born in the American Midwest, it’s probably a safe bet that he’s onto something — especially since he is planning to put his money where his mouth is.
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The U.S. economy grew at roughly 2.5% last year, below the 3% benchmark that policymakers have targeted going forward, indicating a general economic slowdown that might be difficult to reverse. Are retiring Baby Boomers to blame?
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