The Kaufman Foundation’s passion and mission gives life to entrepreneurial thoughts and innovation.

What you’ll learn with some of my thoughts:

1. The age of entrepreneurs is changing.

2. Venture Capital is necessary.

3. Business start-ups spark new economic growth.

4. New firms revive economies in most instances.

5.  Most Congressman just don’t “get it”.

6. Innovators change economies.

7. You may be one of many entrepreneurs who sprouts the BIG idea in a small place.

8.  All economics is local. Where you live is where you spend your time and money.

9.  All economics is global. An entrepreneur in Seoul or Yangshuo (Guangxi), China may change your life.

10. Your ideas matter. What you discard as worthless may become the leading innovation of all time. Either you graspe the moment, or someone will adhere to the idea. Read Russell Conwell’s Acres of Diamonds.

Edward Yardeni once worked for Prudential Securities (now defunct). Yardeni reminded and instructed stock brokers about many economic patterns. One that sticks with me is his observation of “rolling recessions”.

Recessions happen in strong economies; we get more of them in a weak economy. When rolling recessions happen in all economic sectors, we have an economic pandemic. The world gets a runny nose.

Despite worry, consternation, and fidgeting when watching Bloomberg news, there are metropolitan areas that show life, vibrance, innovation, employment, and hope. The downside is that there are metropolitan areas where there’s inactivity, darkness, boredom, unemployment, and despair.

Everyone does, in my opinion, possess hopeful opportunity. For reasons somewhat inexplicable, not everyone catches or wears the “gold ring”.

Alan Berube, Senior Fellow at the Brookings Institution, reminds us that there are 366 metropolitan areas. We are not, as Berube says, a single economy. We are “a nation of 366 different economies, fueled by varying industries.”

Given the diversity, the time of recovery will differ from one metropolitan area to another.

Utopia has all 366 metropolitan areas productive and growing. Unfortunately, utopia is no place.