The Entrepreneurial Debate: Which Regulatory Issues Need Rethinking?

According to Steve Case, CEO of Revolution, an economic revival should be based on a concentrated investment in entrepreneurship.

Job growth data and other economic health indicators have, for a long time, pointed toward entrepreneurship as a catalyst for positive change. Some regulatory issues have historically slowed the growth of the startup industry in America, as Case pointed out. One particular example used was the FDA drug approval process, which can have pharmaceutical companies waiting as long as a decade to release their products.

The result is that many new businesses are heading overseas in search of more favorable (and less restrictive) business regulations. Adding to this problem is the lack of citizenship available to visiting students — Ph.D. students often end up with a diploma and no Green Card.

For more on the regulatory issues hampering the entrepreneurial industry, watch the  full video featuring Case.