{"id":14187,"date":"2015-05-10T11:00:29","date_gmt":"2015-05-10T16:00:29","guid":{"rendered":"http:\/\/news.medill.northwestern.edu\/chicago\/?p=14187"},"modified":"2015-05-13T16:02:57","modified_gmt":"2015-05-13T21:02:57","slug":"video-latest-data-is-sobering-news-for-entrepreneurs","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/video-latest-data-is-sobering-news-for-entrepreneurs\/","title":{"rendered":"VIDEO: Latest data is sobering news for entrepreneurs"},"content":{"rendered":"

By Andrew Fowler<\/p>\n

Entrepreneurs considering starting a business have always had to weigh the risks against\u00a0the potential rewards, but most recent data from the U.S. Census Bureau, released last year, is sobering news for startups.<\/p>\n

In 2008, during the height of the recession, the rate of businesses failing exceeded the rate of new businesses being started. That trend has continued through 2011 when the Census data, which lags a few years behind because it comes out slowly, ends. Analytics group Gallup reports<\/a> that the United States is 12th among developed nations in startup activity.<\/p>\n

<\/p>\n

Jim Clifton, the C.E.O. of Gallup, wrote in an online post earlier this year about the issue, \u201cthis is our single most serious economic problem. Yet it seems like a secret.\u201d<\/p>\n

\"Business<\/a>
In 2008 the business death rate exceeded the birth rate of new businesses. (Andrew Fowler\/Medill)<\/figcaption><\/figure>\n

Steve Collens, the C.E.O. of Matter, a company that offers workspace and support to health care startups, said new businesses are vital to the future of the economy because they help create jobs.<\/p>\n

\u201cWe have 80 companies here and you can imagine it doesn\u2019t take a whole lot of them to scale at [high levels] before we start talking about thousands and thousands of new jobs in just a short few years,\u201d Collens said.<\/p>\n

\u00dcllo is one of the companies housed at Matter. James Kornacki, 28, the C.E.O. of \u00dcllo, created a filter that takes the sulfites out of wine. Sulfites, in addition to being a preservative, can also make some people sick.<\/p>\n