Say… about that myth that wealthy investors create jobs by financing new business… Not really. Startups in general only create temporary jobs. Roughly 90% of them fail after a few years and those jobs disappear. Only about 10% create jobs that become lasting careers. Far more jobs are created when established companies expand because they’re doing more business. In other words, customers are the real job creators.
Say… about that myth that wealthy investors create jobs by financing new business… Not really. Startups in general only create temporary jobs. Roughly 90% of them fail after a few years and those jobs disappear. Only about 10% create jobs that become lasting careers. Far more jobs are created when established companies expand because they’re doing more business. In other words, customers are the real job creators.