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Forbes Column 08: President Obama: Listen To Entrepreneurs

Posted on Friday, Nov 7th 2008

I haven’t said anything after the elections about the outcome or the road ahead. But I did write this piece on Wednesday, the morning after. Zero In this week is an open letter to Barack Obama.

p.s. I understand that the Obama team is reading these pieces. I encourage you to write what’s on your mind here or at Forbes, so that they can hear you. And if you help me also hear you, I can represent ‘us’ better in my subsequent columns.

This segment is a part in the series : Forbes Column 08

. Connecting With Your Intimate Bot
. The Gap in Google's Defenses
. A Recession-Proof Corner of the Tech Sector
. eBay's Bounce-Back Opportunity
. How To Dig Out Yahoo's Treasures
. The Microsoft-Yahoo! Battle Plan
. What Microsoft Should Do While Yahoo! Dithers
. The Next VMWare
. The Smartest Unknown Indian Entrepreneur
. The Coming Death of Indian Outsourcing
. India - Cash Rich, Product Poor
. How to Save the World's Back Office
. Latin America's eCommerce Leader
. The Next Indo-China War
. The Real VCs of Silicon Valley
. Fund Envy
. Bootstrap Yourself
. The Coming Convergence
. Lighting The Way In India
. Hydro-Alchemy
. How Amazon Could Change Publishing
. A Technological Fix For Education
. How Technology Can Save Retailers
. Mobile Microfinance
. How To Heat Up Solar
. How Chip Toolmakers Can Survive
. Kill The Business Trip
. Water Firm Enlivens IPO Market
. Web-Savvy Authors Reap Fame, Fortune
. Peeking Inside the iPhone
. Bootstrapping, Montana Style
. Entrepreneurs Flock To Online Travel
. Silicon Lazarus
. Carts Ahead Of Horses
. Weapon Of Mass Reconstruction
. Barack Obama' s Finance Lesson
. Stimulus Package For Entrepreneurs
. Building A Smarter Corporation
. Deconstructing The Cloud
. 'SaaS-ing' Back At The Economy
. Web 3.0
. My Adventure With Amazon
. An S.O.S. To Silicon Valley
. OLPC’s Last Billion
. Capitalism Revisited
. Bargains For Private Equity
. President Obama
. Perilous Protectionism
. Healing Health Care
. Stop The Fear Epidemic
. Obama
. 'Edutainment' Needs Entrepreneurs

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[…] See the original post: Forbes Column: President Obama: Listen To Entrepreneurs […]

Forbes Column: President Obama: Listen To Entrepreneurs | Barack Obama Videos Friday, November 7, 2008 at 3:43 AM PT

Very nicely put Sramana. I have recently posted key headline goals for Mr Obama on
It would seem that it is true that great strategic minds think alike! : )

Best wishes


David Bristow Friday, November 7, 2008 at 1:08 PM PT

Barrack Obama is not the current President. Is your article talking about President Bush? If your article is about President elect Obama then say so. The rules may change in the future but right now we can only have one president.

I did like your article and found the points very clear and well thought out.

Roger Gardin Friday, November 7, 2008 at 6:02 PM PT

Excuse me, Roger. Does it matter that much? Bush is a write-off, anyway.

Sramana Mitra Friday, November 7, 2008 at 6:38 PM PT

Probably he will reduce tax when the first full time employee is recruited by the entrepreneur and then more when 10 full time employees are recruited and so on.
The entrepreneurship failure rate of 90% may not a very reliable strategy for a president who gets 4 years office term to execute his strategy and fulfil his commitments to the country and world.
The best utilization of the resources in the country, better trade, investment in research and education and energy can lead to better human and materialistic asset building. Incentivise the companies who are spending on research in these and other specific identified areas. I hope that he will not assume that everybody in this world is good and things don’t need control and penalty. I hope he will make people accountable for their actions and help in turning the country towards a more sensible situation where people don’t live life on the wealth which is not earned yet.

Santanu Sunday, November 9, 2008 at 7:51 AM PT

Your analysis of entrepreneurship is quite off, Santanu.

In the US there are about 25 million small businesses, of which 5.2 million employ people. It’s a very sizable part of the US economy, which is why, the process of business creation is crucial to the well-being of the country.

Sramana Mitra Sunday, November 9, 2008 at 10:20 AM PT

Good point Sramana, by some measures the small business economy in the US is the 3rd largest in the world, and is where the action is today IMHO… Large firms benefit from risk taking SMEs to advance frontiers, and frankly they need each other. SMEs also do a responsive job of serving customers in government (fed, state, local) and universities. They are agents of entrepreneurship and wider problem solving in our economy. Depending on your parameters, SMEs make up close to half of domestic non-farm GDP in the US. I came across the link: if you or your readers are curious.

Mike Snyder Sunday, November 9, 2008 at 3:47 PM PT