We've had this program for a number of years now, called 10,000 Small Businesses, where Goldman Sachs has convened a group of partners to basically give business education to small business owners.
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Goldman Sachs isn't the firm it once was when I worked for it, but it's still one of the building blocks of our capitalist society.
The Small Business Administration was fundamental in helping our company. There's great initiative from the government if you know the right places to look.
We've got to help small businesses because they are the backbone of our economy. We've got to increase opportunities for everyone and we can do that by helping women and minority-owned businesses.
We have a mentoring and angel investing programme. We are also talking to the government to help create a VC industry.
That business we started with 10 people has now grown into a great American success story.
One of the most important tools we have at the Small Business Administration (SBA) to reach high growth entrepreneurs is the Small Business Investment Company (SBIC) program.
Most small-business owners have no financial education when they started. They weren't trained to be entrepreneurs.
There are immense numbers of potential entrepreneurs who can start their own businesses among the people who are working in large organisations.
Does anyone believe that Goldman Sachs is gonna give up a deal that would yield millions of dollars because someone fussed at them behind closed doors?
We have to develop the whole system of early stage investors and a tax system around it. For every Google that has come on the scene, there are hundred entrepreneurs who never did.
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