Why America Is Losing Its Entrepreneurial Edge
Harvard Business Review
MAY 20, 2014
This paper by the Richmond Fed shows how from 1960 to 2005, the U.S. As of 2013, the top ten banks had 70% of the market. When a company had dozens of potential competitors in various geographic regions, there was an incentive to innovate before the other guy does. Economy Entrepreneurship Finance'
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