Hillary Clinton to Unveil Platform on Technology

[riversedge]

Source: wsj.com


Proposal includes plans for bringing high-speed internet to all U.S. homes and student-loan relief aimed at entrepreneurs





Hillary Clinton, Democratic presidential candidate and former Secretary of State, at an event at Stanford University in March. Ms. Clinton is set to release a ‘tech and innovation agenda’ on Tuesday. Photo: David Paul Morris


By Colleen McCain Nelson

June 28, 2016 6:00 a.m. ET


Democrat Hillary Clinton will release a wide-ranging “tech and innovation agenda” Tuesday, detailing plans to connect every household to high-speed internet and to develop the next generation of entrepreneurs.

The presumptive Democratic nominee’s technology platform will include an ambitious goal of bringing broadband to all U.S. homes by 2020, according to a Clinton campaign aide. Mrs. Clinton also will call for a range of upgrades to the nation’s technology infrastructure, including connecting more public destinations such as airports and train stations to the internet and clearing the way for them to offer free Wi-Fi.

...........................

Mrs. Clinton also plans to lay out a new student-loan relief plan aimed at supporting young entrepreneurs and innovators, the campaign aide said. The former secretary of state would allow many young people starting new ventures to defer payments on their student loans for up to three years, easing a financial burden during the startup phase of their business.


Her plan also would forgive up to $17,500 in student loans for many innovators who launch businesses in struggling communities or develop social enterprises that deliver a measurable benefit........................

Read more: http://www.wsj.com/articles/hillary-clinton-to-unveil-platform-on-technology-1467108000

[Iliyah]

1. DAMN

Can the GOP look in the mirror.

[hobbit709]

2. Why just entrepreneurs?

[zaj]

3. To incentive a willingness for young people to innovate, to take risks, to drive progress.

I imagine entrepreneur would be defined broadly enough to include social impact entrepreneurs. Those not merely looking to generate wealth, but those seeking to drive impact through innovation using entrepreneurship as a vehicle.

[hobbit709]

4. So anyone just learning a skill and doing a good job is left out?

[fbc]

8. What if I want to be an engineer or a programmer?

Does that mean I am innovating or driving progress less than some guy who starts his own business, most often because they did not have the skills or the social maturity to be productive in the workplace?

This entrepreneur stuff is BS plain and simple. It's a kinder version of "job creators" and it's a myth that is not supported by actual analysis of how the US economy works.

[TexasMommaWithAHat]

9. There's financial risks involved in start-ups

My support depends on the details of this program.

[fbc]

6. ugh, the championing of "entrepreneurship"

so stupid.

Guess what? startups have employees too. In fact, they usually outnumber the owner/entrepreneur if the business is successful. So, forget the people working and give a break to the boss?

But, let's get real, the vast majority of entrepreneurial endeavors do not have employees - because they fail. So, try another failed startup and get a break, but get a job with your degree and ... sorry? you should have been a marketing major?

[Xithras]

7. The startup mentality is fairly dangerous too.

I've spent most of the past two decades working with or around startups in the Silicon Valley. I've founded four companies myself. All failed. I currently work for a company that offers contract technical services to Internet companies. Nearly all of the companies I've consulted with are no longer in existence. The stats are sobering.

92% of unfunded or self funded startups fail within their first 36 months.
0.9% of all startups get funded by angel investors (initial seed money to help them establish a company and product).
0.05% of all startups get funded by VC money (growth money to help grow and mature the company).

Without any exaggeration or hyperbole, I've literally seen 22 year old entrepeneurs kill themselves because they came to the Valley with ideas about hitting it rich on the startup "gravy train", only to find themselves broke and unemployed without a backup plan when reality smacked them across the face. The poor kid thought he was coming to the Silicon Valley to get rich. His story ended on an overpass above 880. It's not an uncommon thing out here.

Entrepreneurism is a laudable trait, but anyone following that path needs to understand that the likely outcome will be failure. Failure isn't a bad thing. We can learn from failure. We can grow from failure. We can hone our skills while building failing companies. But entrepreneurs should never start businesses with the expectation that there's anything more than a SMALL chance of success, and only a TINY chance of creating actual wealth. Anyone encouraging others to follow it should make sure their sales pitches are tempered by reality.

[TexasMommaWithAHat]

10. Good post.

I agree.

I still don't disagree that delaying student loans is necessarily a bad thing.

[phazed0]

5. Well, this is super-weak sauce. Wtf.