Established companies get most of the attention, but startup companies are where the world gets its best ideas.
Startup companies are the embodiment of the entrepreneurial spirit that built America. Such innovators made the nation an industrial giant in the late nineteenth century with the rise of railroads and oil, and lives on today in the tech innovations of Silicon Valley.
Startups are absolutely vital to the health of the U.S. economy because today's startup companies are tomorrow's Apple Inc. (Nasdaq: AAPL) and Google Inc. (Nasdaq: GOOG, GOOGL). In fact, they are the source of most of America's economic strength. That includes both job growth and overall economic growth.
Startups create far more jobs than established companies, which often do more trimming than hiring. Every year, startup companies create about 3 million jobs, while older companies chop an average of 1 million jobs.