Why Amazon, Facebook, and Google Are Hurting Entrepreneurship in the US

There's a startup slump in America, and the nation's biggest companies may to be blame.


BEAM Team

22 Sep, 2017

Why Amazon, Facebook, and Google Are Hurting Entrepreneurship in the US | BEAMSTART News

- From our Sponsors -

Economists say big businesses like Amazon, Google, and Facebook are hurting entrepreneurship and creating a startup slump in America, according to a report in The New York Times.

In 2015, some 414,000 new businesses were created, the Census Bureau reported on Wednesday. While that's a slight increase from the previous year, it's still far less than the 558,000 companies formed in 2006, the year before the recession hit.

The cause of that downturn may be that big businesses are eliminating their competition. For example, popular startups like Instagram and YouTube were acquired by Facebook and Google, respectively, instead of fighting for prominence in the same market, experts told The Times.

Related: Create awareness & reach out to more people

On a wider scale, the startup slump means the country isn't experiencing the same economic dynamism that it once did. Small businesses spur the economy by inventing new products and forcing other companies to compete. What's more, startups have historically been job creators.

"Everybody loves entrepreneurship, but they're not aware it's in trouble," John Dearie, the president of the Center for American Entrepreneurship, told The Times. "If new businesses are the engine of net new job creation, and if new businesses are the engine of innovation, and new business creation is at 30-year lows, that's a national emergency."

Related:

- From our Sponsors -

Latest Jobs

Software Engineering Manager, Video Streaming

Flock Safety

Full Time

USD 180000 — USD 250000 yearly

Strategy & Operations Manager, Supply Growth

Curri

Full Time

USD 90000 — USD 120000 yearly

Director of Product Management, Platform

Rippling

California,

Full Time

USD 180080 — USD 315000 yearly

Software Engineer (Remote)

Epsilon3

Full Time

USD 120000 — USD 175000 yearly

Founding Designer

Greptile

California,

Full Time

USD 100000 — USD 130000 yearly

Account Executive - EMEA

FirstIgnite

Full Time

USD 50000 — USD 80000 yearly

Account Executive (Remote or San Francisco, CA)

Broccoli AI

California,

Full Time

USD 120000 — USD 170000 yearly

Operations Leader

Multiply Labs

California,

Full Time

USD 140000 — USD 180000 yearly

Logistics Operations Coordinator

Jiga

Full Time

Salary Undisclosed

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).