Science™ Says One Key Warning Sign of a Low-Quality Startup Is Being Named After Its Founder

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I’m reading James Surowiecki’s piece about startup companies, and couldn’t help but laugh when I got to this:

New work by the MIT economists Scott Stern and Jorge Guzman shows that in 15 U.S. states between 1988 and 2014 there was no long-term decline in the formation of what they call “high-quality” startups. Stern and Guzman have figured out the characteristics of startups that are trying to become high-growth firms, which include being chartered in Delaware, registering for patents, and not being named after the company’s founder.

Hmmm. Can we all think of an entrepreneur who (a) names all of his startup companies after himself, and (b) runs about the lowest-quality businesses imaginable? Sure we can. In fact, I’d like Stern and Guzman to rerun their correlations after removing all Trump businesses from their dataset. They might find out that he’s personally responsible for the entire effect.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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