Dead Entrepreneurs

Dr. Cornwall of The Entrepreneurial Mind links to a study [PDF] published by the National Commission on Entrepreneurship that compares the origins of Fortune 200 companies in 1917 and 1997:

“Of the 1997 Fortune 200 companies, 197 of them were traced back to one or more entrepreneurial founders. Many of the 1997 Fortune 200 were also among the largest corporations in 1917.”

This is an amazing statistic. Although almost all of the Fortune 200 companies have entrepreneurial roots, many were already large companies sixty years earlier. That is why the current entrepreneurial economy needs to be encouraged and supported. Our economy has ridden a wave of entrepreneurial activity that has its roots in the late 1800’s! These companies are no longer creating new jobs for America. They are a noble bunch, but their time is passing.

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