What Obama Should Do To Get The Entrepreneurial Viewpoint
from the we're-about-to-find-out dept
Two contrasting articles crossed my desktop this weekend, both about how President-Elect Barack Obama is likely to govern. The first, by Mark Cuban, criticizes Obama for the list of economic advisers that Obama chose to consult concerning his plans to take on the economic downturn. Cuban, correctly, worries about who is missing from that list:Notice anything missing?I absolutely agree. It is the entrepreneurial spirit that is needed right now. But, at the same time, it makes you wonder just how Obama would have accomplished this. Any one or two entrepreneurs are unlikely to do a really good job representing all entrepreneurs. Entrepreneurs, for the most part, don't all view things the same way, and there's no real organization of entrepreneurs. The reason entrepreneurs become entrepreneurs is often that they see their own way of doing things and don't want to be locked up by convention. So, while it is worrisome that there aren't any entrepreneur-types on the list, I'm not sure I'd be that much more comfortable with a few entrepreneurs representing the interests of all entrepreneurs either.
Not a single entrepreneur. Yes Warren Buffett started a business, but he will be the first to tell you that he "doesn't do start ups". Which means there isn't a single person advising PE Obama that we know of that knows that its like to start and run a business in this or any economic climate. That's a huge problem.
That brings us to the second article. It's by David Carr in the NY Times, and looks at how Obama's campaign ran like an entrepreneurial startup itself, leveraging the internet and new technologies to do a complete end-run around much bigger and more well-known "corporate brands" in the political space. And it wonders if Obama will continue to use those tools to govern as well.
So, at the very least, one could argue that Obama, himself, is something of an entrepreneur, but more importantly, one would hope that Obama does, in fact, continue to leverage the internet to hear from folks -- and is actually willing to listen and take suggestions seriously. Why not create an economic roundtable of sorts online that lets more people weigh in? Let ideas in the mix bubble up to the top using ratings systems (and maybe some White House moderators) and contribute them to the mix. If someone has a particularly good suggestion, why not invite them to a meeting with those "big shot" economic advisers as well? It doesn't mean that every hare-brained scheme needs to be listened to, but if there's a good way to allow the best ideas to bubble up and get recognition, it could be quite a powerful new way to govern. To some extent, there's already some indication that this is where things are headed with the transition website Change.gov, but it remains to be seen if that's just a Presidential suggestion box... or something a lot more powerful.
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Filed Under: advisers, barack obama, community, economics, entrepreneurship, financial crisis
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Advisors
Obama's advisers have their own companies. By holding onto their hands, isn't Obama tailing their companies as well?
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Startups?
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Obama's Economic Advisors
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I surely doubt
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Obama and Economic Policy to Increase Jobs
Hopefully, Obama's staff has a better idea than to start another war (probably with Iran) which is what the Republican White House seemed bent on doing.
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Entrepreneurs Know THEIR Business, Not Everyone's
There is a MASSIVE difference between knowing start-ups and small businesses and knowing the government POLICIES that allow for an ENVIRONMENT where these businesses thrive. Cuban makes the mistake of thinking these are the same thing. Patent reform, for instance, could be a HUGE boon to start ups. But I'll be damned if I'm going to trust Cuban to come up with the right legalese that allows for openings to innovation while offering appropriate, limited protections to innovators. That would demand someone well versed in patent law precedents and government reform measures, not somebody who successfully ran online media web sites.
Also, don't equate success in start-ups with business acumen. Entrepreneurs can be successful for a variety of reasons, including ability to schmooze, lie, cheat, cajole, and/or over-promise their way into bigger and bigger business deals. There are brilliant people too. And smart financiers. If starting your own company and having it thrive is the measure of a true entrepreneur, you have to wonder why Cuban tosses aside Buffet as if the fact that he won't INVEST in start-ups erases the fact that Berkshire-Hathaway thrives as it does under Buffet's leadership.
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It goes down.
Why do you think the market has gone down since the election.
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Whoa is me
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OneBook
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Obama an entrepreneur?
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bottom Up
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Warren Buffett
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