"Growth, he says, is directly correlated to startups that get big. I interviewed Schramm onstage last week at a Churchill Clubevent at Microsoft’s Silicon campus in Mountain View.
Schramm said:
“The single most important contributor to a nation’s economic growth is the number of startups that grow to a billion dollars in revenue within 20 years.”
Schramm says the U.S. economy, given its large size, needs to spawn something like 75 to 125 billion-dollar babies per year to feed the country’s post World War II rate of growth. Faster growth requires even more successful startups."
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