Podcast appearances and mentions of elizabeth macbride

SETH LEVINE Seth is co-founder and general partner at Boulder-based Foundry. He and his firm have invested in hundreds of companies and funds around the world. A driving force for Seth has always been the power at the intersection of community and business. He co-founded Pledge 1%, a global network of companies who have pledged equity, time, and product back to their local communities. He is on the board of StartupColorado, which promotes entrepreneurship in areas of Colorado outside of the front range and  is a Trustee of Macalester College in St. Paul, MN, where he helped found their entrepreneurship program as well as a popular student hackathon. Seth also sits on multiple boards of his portfolio companies. He has been involved with Techstars from the start and helped grow from its very first accelerator in his home town of Boulder.  In addition to his day job working with companies and funds at Foundry, Seth spends time as an advisor to venture funds and companies around the globe – especially in the Middle East and Africa – to help promote entrepreneurship and economic development. In 2021, he released The New Builders: Face to Face with the True Future of Business, a book he co-authored with Elizabeth MacBride about the increasingly diverse future of entrepreneurship in America. He is currently in the process of writing his second around the theme of the evolution of capitalism and its future.  RELATED LINKS Foundry The Final Fund and Techcrunch take The New Builders VC Adventure VC Evolve Podcast GENERAL INFO| TOP OF THE GAME: Official website: https://topofthegame-thepod.com/ RSS Feed: https://feed.podbean.com/topofthegame-thepod/feed.xml Hosting service show website: https://topofthegame-thepod.podbean.com/ Javier's LinkTree: https://linktr.ee/javiersaade  SUPPORT & CONNECT: LinkedIn: https://www.linkedin.com/showcase/96934564 Facebook: https://www.facebook.com/profile.php?id=61551086203755 Twitter: https://twitter.com/TOPOFGAMEpod Subscribe on Podbean: https://www.podbean.com/site/podcatcher/index/blog/vLKLE1SKjf6G Email us: info@topofthegame-thepod.com   THANK YOU FOR LISTENING – AVAILABLE ON ALL MAJOR PLATFORMS

Xander Gray, founder and chief executive officer at XG Capital Strategies, says that a bear market is coming, with a number of potential catalysts contributing to trigger the downturn. He says that while he expects a downturn of up to 30 percent, he does not expect it to take long. Further Gray says that for investors who have not been buying now likely want to wait until next year, with the market around record highs but likely to have at least a minor blow-off before the real bear market shows up. Jeff Clark, head of defined contribution research at Vanguard talks about “How America Saves,” the company's annual look at the behaviors of more than five million retirement-plan investors, which showed that savers were setting aside money at a record pace, and that average amounts that workers are putting into savings are on the rise. Plus, Elizabeth MacBride, co-author of "The Little Book of Robo Investing: How to Make Money While You Sleep" discusses the pros and cons of using robo advice platforms as compared to human financial advisers, plus Chuck answers a listener's question comparing the returns on gold to those of the stock market and suggesting that investors should want to hold more of the metal.

In this episode, we have Elizabeth MacBride, a journalist, founder, and investment expert.  She's the author of the upcoming book, Little Book of Robo Investing: How to Make Money While You Sleep.   Elizabeth shares her approach to standing out in cutthroat business world by being king, apologizing for mistakes, and practicing common courtesies. She also believes that robo investing is perfect for entrepreneurs and the podcast audience, the use of new platforms like Front, Betterment, and Vanguard that make investing easy and of high quality.   The conversation highlights the importance of recognizing the value of time and making small investment over time, whether it be in dollars, personal growth, mindfulness, or building relationships. Blog: New Builders Dispatch Now available for pre-order! Little Book of Robo Investing: How to make money in your sleep By Qian Liu and Elizabeth MacBride. Foreword by Andy Rachleff Little-Book-Robo-Investing-Profits Check out our CEO Hack Buzz Newsletter–our premium newsletter with hacks and nuggets to level up your organization. Sign up HERE.  I AM CEO Handbook Volume 3 is HERE and it's FREE. Get your copy here: http://cbnation.co/iamceo3. Get the 100+ things that you can learn from 1600 business podcasts we recorded. Hear Gresh's story, learn the 16 business pillars from the podcast, find out about CBNation Architects and why you might be one and so much more. Did we mention it was FREE? Download it today!

Small businesses of 500 employees or fewer make up 99.9% of all U.S. businesses; and of the new jobs created between 1995 and 2020, small businesses accounted for nearly 2/3 (or 12.7 million). Our guest today is a journalist, an author and a bold visionary who sees the next chapter of America's economy coming from what some may consider to be surprising places. Founder of Times of Entrepreneurship, Elizabeth MacBride, joins us to talk about her coverage of the Middle East, high finance and business paving the way for where she saw her greatest impact as a writer: covering a new wave of cities with emerging innovation ecosystems. She gets into commonly held misconceptions surrounding entrepreneurship, her passion for telling these stories on a national stage and the power of storytelling to create meaningful change. Elizabeth also talks about her recent visit to Indiana to cover small businesses and entrepreneurship and our exceptional (and compelling) strength in agbioscience.  How does Indianapolis compare to other cities? And what other cities are in that comparative? Elizabeth tells all. Learn more about her coverage of entrepreneurship. Visit timesofe.com. 

Elizabeth is author of The New Builders and founder of the Times of Entrepreneurship (timesofe.com). She joins the podcast to talk about her journey from journalist to entrepreneur and author, how small businesses are a significant driver of economic value and a path to success for diverse business owners, and what she learned as a journalist that she passes on to the next generation.

In Everyone Loved It But Me, Lisa speaks with a guest who has a unique perspective on a beloved book. This week, Lisa talks with Elizabeth MacBride, a journalist writer, editor and founder of Times of Entrepreneurship. She's co-author of the book, The New Builders. Elizabeth and Lisa talk about The Invisible Life of Addie LaRue. This is the story of Addie LaRue, who makes a deal with the devil and gets to live forever, but is cursed to be forgotten. No one who meets her remembers her.  Spoilers will be discussed in this episode. In an Entertainment Weekly article, author V.E. Schwab describes how wanted the book to be a reverse Peter Pan. An NPR article also describes it as beautifully goth. The Washington Post discusses the book and says it is one of the most propulsive, compulsive, and captivating novels in recent memory.Books mentioned: Life After Life by Kate AtkinsonShades of Magic by V.E. SchwabThe Near Witch by V.E. SchwabBraiding Sweet Grass by Robin Wall KimmererHouse of Rain: Tracking a Vanished Civilization Across the American South by Craig Childs A Man Called Ove by Fredrik BackmanCaroline by Adrian Spratt will be released in 2022, but you can get a sneak peek here. For more information, find Lisa on Instagram, Twitter, Facebook, and her website. *The book titles mentioned include affiliate links. You can support the podcast by purchasing a book with the links because the podcast receives a small commission. 

In Everyone Loved It But Me, Lisa talks with a guest about a super popular book the guest didn't love. In episodes marked, “Book Bits,” Lisa talks about a wide-range of topics.  Today, she speaks with Elizabeth MacBride, a journalist, writer, editor and founder of Times of Entrepreneurship. She's co-author of the book, The New Builders.  Elizabeth shares what it was like to write her book during the pandemic. Elizabeth will be on the podcast again to talk about, The Invisible Life of Addie LaRue by V.E. Schwab.  Lisa also speaks with Storm Kopitsch, the Fowlerville, Mich. Library youth services coordinator. Storm produced a TikTok video highlighting financial issues faced at the Fulton County Library in Pennsylvania. The commissioners denied the library's request for $3,000 because the library allows an LBGTQ support group to meet at the library. Commissioners called the group a “hate” group. The library has received about $30,000 in donations even though government officials turned down the request.  Storm will be on the podcast soon to discuss The Book Thief by Marcus Zusak. For more information, find Lisa on Instagram, Twitter, Facebook and her website. *The book titles mentioned include affiliate links. You can support the podcast by purchasing a book with the links because the podcast receives a small commission. 

Today we are joined by founder of Times of Entrepreneurship, Elizabeth MacBride, to talk about her book, The New Builders: Face to Face with the True Future of Business. Thank you so much to Elizabeth for being on the show! Part podcast, part blog series, part live event, Say Hi to the Future is an inclusive platform aimed at highlighting the human side of human ingenuity: clever, inventive, and original thinking. Our goal is to highlight new and interesting ways of looking at the world by speaking with ingenious thinkers and doers from all walks of life. Our topics are wide-ranging and cover anything from mental wellness and the circular economy to the future of learning, frugal innovation, diversity in the workplace, and the current state of small business. With an eye toward the future, Say Hi to the Future's mandate is to explore how non-conventional thinkers are taking on some of our most pressing contemporary challenges. Say Hi to the Future is imagined and curated by Ken Tencer, CEO of Spyder Works Inc., a leading business consultancy for mid-market organizations and intrapreneurs, globally. Know someone who is clever, inventive, and original? Reach out to us at sayhi@spyder.works. We'd love to chat! #jointheconversation #entrepreneur #femalefarmerproject #innovation #ingenuity #intrapreneurship #canada #mississauga #podcast #business #ontario

On today's show, what Is Google Ads and why should you use it? Catherine Colasimone from the small social shares her insight. Guest host Ken Tencer speaks to author and founder of Times of Entrepreneur, Elizabeth MacBride about her book, The New Builders. We get an overview on the global need for new investment with Peter Hall and Brad Butt gives us our political update. But first: What sustainable projects are being incorporated in the development of Lakeview Village? Development Lead and Argo's VP Brian Sutherland joins us with an update.

Seth Levine & Elizabeth MacBride of The New Builders joins Nick to discuss The Decline of Entrepreneurship in America, Systemic Inequity in Supporting Small Businesses, and the "Capital vs. Labor" Debate. In this episode we cover: Why did you write the book? I'd actually like to start w/ Chapter 6, which is a history of entrepreneurship in the US… we can't really do it justice in the interview but can you give us an overview of the history and where we are at today? You cover that entrepreneurship has been declining in the US for the past 40 years and more significantly within the past 15. What are some of the big factors that have led to that decline? Why are entrepreneurship and new business creation so important for the future of our country and society? How does the Silicon Valley version of entrepreneurship differ from the reality of entrepreneurship? What does the real profile of entrepreneurship look like vs. what we see in the data on the tech / venture-funded part of entrepreneurship? What can Main Street entrepreneurs learn from the Silicon Valley model of entrepreneurship? You did a lot of research and pulled together data sets/stats for the book — what were some of the most surprising findings from the data? Can you define the ‘capital vs. labor' debate for us and give us your stance on that debate? Is this book a call-to-action… are you trying to encourage more broad-based entrepreneurship? Seth, how do you reconcile your interests and recommendations from the book with your career which is geared toward funding a very small percentage of founders that are focused on building multi-billion dollar outcomes? You address some issues that are systemic to our country -- government policies, economic system, etc. -- How big of a role do you think politics have in shaping entrepreneurship for the future? What advice or final thoughts would you like to share w/ listeners? Missed a recent episode? Go to The Full Ratchet blog and catch up! Also, follow us on LinkedIn and Twitter. The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in the exceptions. To learn more about New Stack Ventures by visiting our Website and LinkedIn and be sure to follow us on Twitter. Are you a founder looking for your next investor? Visit our free tool VC-Rank and tell us about your business. We'll send a list of possible investors right to your email's InBox!

A new class of entrepreneurs is taking the business world by storm. They're called “New Builders,” and we need them now more than ever before. Seth Levine and Elizabeth MacBride, authors of the book The New Builders: Face to Face With the True Future of Business, have a few ideas on how to support and celebrate them. In this episode of PIVOT, Seth and Elizabeth join the show to discuss how to level the playing field for new entrepreneurs and why the future of small business is so crucial to the US economy. On this episode, you'll hear: [01:29-02:26] What motivates Seth and Elizabeth about small business [03:00-05:06] The “new builders” starting businesses today and why we need them [05:16-07:23] The obstacles entrepreneurs must overcome to start a small business today [07:23 -09:01] How Seth and Elizabeth helped reshape Congress' PPP legislation [09:02-10:14] Why the venture model is ineffective for broad economic development [10:14-11:28] Unicorns vs. camels [11:28-14:48] The lack of media attention for new builders, and why you can't always trust the numbers [14:49-17:23] The extraordinary story of Sweet Grace Heavenly Cakes [17:23-19:22] How small business engages employees differently and why it works [19:44-23:16] The difference entrepreneurial grit, passion, and resilience makes [23:16-25:27] Why Seth and Elizabeth are optimistic about the future of small businesses After you listen:  Check out Seth and Elizabeth's book: The New Builders: Face to Face With the True Future of Business Order your copy of our book People Operations: Zenefits.com/pops-book Follow the podcast Submit your People Ops questions: https://www.zenefits.com/workest/ask-a-question/

We're great at entrepreneurship in America, right? This week on the If You Market podcast we talk with Elizabeth MacBride and Seth Lavine about their new book "The New Builders: Face to Face With the True Future of Builders". We talk about the problems entrepreneurs face today, the infatuation with unicorns vs small business, who the modern entrepreneurs are, and it gets a little controversial.  Elizabeth MacBride is Co-Author of The New Builders, Founder at Times of Entrepreneurship, a Speaker, and Small Business Advocate. She is also a Journalist-in-Residence at the MIT Legatum Center for Development and Entrepreneurship. Seth Lavine is Co-author of The New Builders: Face to Face with the True Future of Business and Managing Director at Foundry Group, a Boulder CO based early stage venture capital firm.  Learn more about your ad choices. Visit megaphone.fm/adchoices

“I'm a classic case of reinvention in the middle of life,” says Elizabeth MacBride, founder of the Times of Entrepreneurship (https://timesofe.com/), a website that reports on entrepreneurship, and co-author with Seth Levine of the new book, “The New Builders: Face to Face with the True Future of Business” (https://amzn.to/3g50weh). “Seven years ago I went through divorce that left me without a job….I had seven thousand dollars in my bank account. The mortgage was $2500 dollars and my only career was as a part time writer.” MacBride, however, noticed a hole in the market at the intersection of finance and entrepreneurship and wondered why no journalist was covering it. “[The website] worked because it's business and finance,” she says. “It was the only area that paid writers at all….I was willing to combine the storytelling with finance.” MacBride speaks with CoveyClub founder, Lesley Jane Seymour, about how to ask for employment help from friends and associates and how to really know your value.    FREE GIFT! Don't start your reinvention without downloading CoveyClub's starter guide called “31 Badass Tips for Launching Your Reinvention Without Fear!”

What if everything you've been told about business is wrong? Elizabeth MacBride and Seth Levine tackle our greatest misconceptions about entrepreneurship in their book, The New Builders. In this week's episode, we learn about the next generation of business owners (hint, it's not young white men) and how they're changing the world. Get The New Builders at https://thenewbuilders.com/

On this week's episode of Inside Outside Innovation, we sit down with Seth Levine and Elizabeth Macbride, authors of the new book, The New Builders: Face to Face with the True Future of Business. We talk about the current and future state of entrepreneurship and hear some stories about new builders making an impact in their local communities. Let's get started.Inside Outside Innovation is the podcast to help you rethink, reset, and remix yourself and your organization. Each week, we'll bring the latest innovators, entrepreneurs, and pioneering businesses, as well as the tools, tactics, and trends you'll need to thrive as a new innovator.Interview Transcript with Seth Levine and Elizabeth Macbride, Authors of The New BuildersBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have some amazing guests. Today, we have Seth Levine and Elizabeth Macbride, authors of the new book, The New Builders: Face to Face with the True Future of Business. Welcome to the show. Elizabeth Macbride: Thank you very much.Brian Ardinger: I'm excited to have you on. Let me start out with a little background and bios for our audience. Among other things, Seth, you are the co-founder of the venture capital firm Foundry Group and Pledge 1%, which is a global network of companies that have pledged equity and time and product back to local communities.And Elizabeth, you are an award-winning business journalist, and founder of Times of Entrepreneurship, which is a new publication covering entrepreneurs beyond Silicon Valley, which is a topic near and dear to our heart. So welcome to the show. The first question I want to start with is what's the current state of entrepreneurship and what led you to write this book?Elizabeth Macbride: So, the current state of entrepreneurship in the United States is not nearly as good as people think it is. We concluded after our two years of working on the book, that entrepreneurship in the US is in this, in a state of profound decline. It's been declining over the past 40 years for a whole host of reasons. And I know we'll get into that some more. But I'll just answer the question as well about how we came to write the book, which is that I'm the original, like overlooked, not the original one, but an overlooked founder myself. Right. So I got a divorce seven years ago and had to reinvent my career pretty fast as a business journalist to feed my two kids. In doing that, I ended up founding this publication times of entrepreneurship. And along that journey met Seth, who has, a side specialty to being a venture capitalist, which is really supporting overlooked entrepreneurs. And so, we bonded over that and decided to write a book two years ago. That's how it came about.Seth Levine: Brian, I guess I'd add to that. We knew that there were really interesting stories, right? You tell many of them on your podcast of people building businesses that were for starters outside of Silicon Valley, and the big tech hubs. But also, really interesting businesses, but that weren't necessarily these sort of high growth tech focused businesses.And we wanted to tell their stories. Frankly, we thought it'd be kind of a lighthearted book. Interesting look at some founders that maybe were a little bit different than what people think of when they think of founders. But as we did all the research, we realized for starters, what Elizabeth just described, which is that entrepreneurship in the US is actually dying.And then we also learned that the types of people that are starting new businesses are very different than those people realize. Specifically, that the majority of new business owners are black, brown, female, and also quite a bit older than most people realize. And that, we realized as we came across these data, that these stories really need to be told. That it sort of went from a lighthearted, Hey, this will be fun. And we'll tell some interesting stories of people doing things out of the mainstream media eye. To, oh wow, there are some critical stories that we need to be telling here because we have a window here to change the trajectory of entrepreneurship in the us, and we'd act on it. Brian Ardinger: You know, and I think that's one of the things that we obviously talk about, you know, Tech Crunch and you hear the stories of the unicorns and things along those lines. And obviously that's important and that. But can you define, like, what is entrepreneurship to you? It's not just the tech giants that we're hearing about. How do you define a new builder? And what's the difference that you saw out there? Elizabeth Macbride: The way entrepreneurship traditionally has been defined is broader than the way it's currently defined. And so, when we looked at it and really, there's no reason why we should think of entrepreneurship as only the tech founders of Silicon Valley. They're part of the universe. They're not really the center of the universe. And definitely not the entire universe right. They're maybe 1% of all businesses in the US get venture capital funding.So, the fact that we're so consumed by that is sort of crazy. Because the other 99% are in fact, the drivers of a lot of jobs, they're actually drivers of innovation, we would argue as well. And they support and are part of our communities in just a host of important, different ways. And as the economy transitions, I think they're going to be even more important. So we define entrepreneurs as a very fundamental basic thing, right. They're  people starting businesses. Seth Levine: And that's always been the case in the US. And really, if you look back, I mean, certainly the US was founded by entrepreneurs. I mean, in some cases, quite literally, right? The Massachusetts Bay Companies, you know, all of these initial settlers that came over were essentially entrepreneurs, right? Who are in business ventures to go and settle new land and send raw goods and other materials back to Europe? And still, we have this long history of entrepreneurship and something changed in the last maybe 30 years or so, where the concept of entrepreneurship, use to be very broadly defined a shopkeeper is an entrepreneur, a local business owner was an entrepreneur.It got eaten up by the tech narrative, right? And this idea that the only entrepreneurs that were worth talking about were technology, business founders, and frankly, the only businesses that were worth talking about in the entrepreneurship context are businesses that are, have this aspiration for growth. Right? You referenced unicorns. And we think that that's incredibly dangerous to the overall dinosaur and frankly just the health of the US economy, because it really only describes such a small number of businesses. And frankly, and I say this from inside the world of venture capital, I'm not convinced that venture is a very good model for creating. Certainly, it's not a good model for creating broad-based economic development. Right. I mean, we know it can create some really big companies. And by the way, those companies are incredibly important. And other businesses end up being built on those companies. So Shopify or Google, like those are incredible innovations that help other small businesses, but it's just, it's not the only thing. And I think we've sort of lost sight of that. So it's, we don't argue in the book that, you know, that big is bad, for example, and small is good. We argue that there should be a balance just like we don't argue that venture capital should go away or anything crazy like that venture is great. But we talk about needing to create not just unicorns, but camels. So much more party actually real and not mythical, you know, animals that, you know, businesses that are sustainable and, and, you know, really are the drivers of our economy.Brian Ardinger: So you mentioned in the book, the research and that, around entrepreneurship and that it's going down and there's challenges around that. What is hindering the rise of new builders? Elizabeth Macbride: There's a lot, that's hindering a rise of new builders. You know, what we focused on in the book is really finance and that's the world that Seth and I both come from. So, we felt like we had a lot to say about it. And it's probably, I think it's deeply woven with the question of networks, but right, businesses need capital to grow. They just do. Like, we've also gotten consumed by this myth that what you need is grit, or perseverance in that, yes, that's all true. But we found so much grit and so much perseverance in the new builders that we interviewed. What they were missing was access to capital. And that is happening for a whole bunch of reasons.But maybe the clearest thing to say is that our system of community banking is really broken down. And I think that's the most direct tie. The other kind of pervasive issue is that the new builders reflect the increasing diversity of our country. So, they're women and people of color, immigrants, as they always have been, and older people. And they're really disconnected from the networks that also lead to that access to capital Brian Ardinger: in the book, you talk about something that really resonated this idea of a ghost startup or these companies that will never be created because of the lack of access to capital and things like that. Can you talk and explain a little bit more about that topic and the impact of that? Seth Levine: Hard for us to understand sometimes as Americans. Or really it's just humans, the thing that doesn't exist, right. We can look at the company that's true and see it was successful or it failed. Right. But what we struggle with is understanding businesses that just never got off the ground. And there's actually been some research that has studied this. And it sounds so simplistic.  But it's not right. I mean, Elizabeth describes capital is a key asset for starting businesses. And there have been some studies that looked at businesses that had more or less access to capital. And what they found is that there was no real difference in the innate qualities, right? The talent, the grit, those things that, that will make someone successful for people who had access to capital. And who didn't have access to capital in their businesses. But of course, there was a huge gap in terms of the success of those businesses. Companies that have access to capital, are more likely to be successful. And I think that's something that we really need to address.  And then Elizabeth talked about 1% of businesses receiving money from formalized institutional capital, like venture, which surprises most people.I think most people in our world think that it's a much larger, I mean, it's a big dollar amount, but it's a small number of companies. Which just goes to show you just how many more mainstream companies are actually being started out there. But only about 17% of businesses take money from banks. And so Elizabeth talked about a community banking system. We clearly need to bolster that system and increase the 17%. But we also need to recognize that a large number of businesses never take any formalized capital. They raise money from friends, family, you know, aunts, uncles, or they use a home equity line. And what's happening is that unfortunately people who don't have access to capital and don't have wealth built up over generations are struggling to start businesses. And this is diametrically opposed now to the people who are starting businesses, because the wealth gap in the United States, as many listeners may realize is 10 X between, the average white family, the average black family. That's true across every income level. That's true across every educational level as well.And the wealth gap as well for people from Hispanic origin is not quite as bad, but it's seven to one. So, at the same time that we're really relying on people's own capital sources to get them going, we're also the type of person who starting a business is shifting to the group of people that are less likely to have those personal capital resources.We need to address that. And we talk about in the book about a number of ways that we might, adapt, change, augment, help, better support our existing systems of finance to do a better job of supporting these new builders. Brian Ardinger: Are you seeing particular communities or particular areas of the US doing better when it comes to this fostering, this new builder?Elizabeth Macbride: That's a good and interesting question, actually. So, we did focus in the book on one particular community. We just ended up telling some woven stories about Stanton, Virginia. Which in a holistic way, I think did a ton to rejuvenate their community by entrepreneurship. So they started a community loan fund.  They have an angel network for that is like wealthy people in the community investing small sums in companies aren't necessarily tech businesses, but it could be like a pie company or whatever. They have both of those things going on. And then there's like, just a bunch of other community support. There's a maker-space there that I went down and visited. And it turned itself around that way. Right. On the foundation of some revitalization efforts that started in the eighties where some visionary business leaders downtown said, Whoa, we are not going to like destroy our historic downtown. Instead, we're going to, push really hard to preserve it. And on that foundation, the community was really able to rebuild itself economically.And its population is rising, which is kind of like the most basic measure, of community's health. Right. And actually, like super inspiring things during the pandemic. I mean, it ended up, of course it was suffering along with small, with communities everywhere, where small businesses were hurt so badly. And it also had a terrible flood in August that had like a storm cell just park over it and dump like eight inches.So enormous amount of rain washed out the downtown. You know, there were like cars floating around and as we reported it, we wrote about it for CNBC as well. And it's in the book as well. The community really came together. And there were people like digging out mud from storefronts to get their small businesses back up and running. It's inspiring what is happening in communities across the country that are pulling together. Seth Levine: So that's a story that sort of a physical, like a geographic community coming together. And it's a really good example of one. They took a long-term view. Lots of people got involved. There was a lot of buy-in.And, you know, a lot of what, like my partner, Brad Feld wrote the book, Startup Communities, a lot of what Brad and Ian his coauthor talk about in Startup Communities, I think was true in Stanton, but the other types of communities that we talk about a lot in the book are these sort of communities of like-minded people, right? And especially in this day and age, those don't need to be bounded by geography. Certainly the book is a hopeful book, Brian, and we talk about ways in which we believe that entrepreneurship can be revitalized. But we talk about some of these communities systibiz  in Denver or Ohub or digital and divided. EforAll we talk a ton about them. That, you know, these are all various communities of people that come together to help support new builder businesses. Some of them are place-based E for all works in certain locations. We talk about some of those, cause we, one of the entrepreneurs we highlight went through their program in Lawrence, Massachusetts. Others are a little bit more virtual, right? Where they might help people all over the place or bring people in together. But Silicon Valley has always been great at that. Right. And you know, there's so many stories of, I mean, how many accelerators are there in the world? Right? The Foundry, my venture firm, my day job, is the biggest investor in Techstars, which is one of the larger ones.And that's a great model, but how do we bring that. The network and the help that comes from being surrounded by a community of people that want to see you be successful? How do we bring that to new builders? And I think one of the things that we learned that scared us is that many people starting businesses feel like they're out on an Island and they're alone and they don't have resources to help them out. And that's why the community banking system that Elizabeth alluded to earlier is so important. We, it turned out, we were not seeking out community banking stories, but it turned out a number of the new builders that we talked to, their business trajectories were totally changed by, you know, what's in many cases, seemed like a chance meeting with a community banker who really spent some time to understand the business and then help them figure out how to finance it.Brian Ardinger: Well, and it comes back to capital is more than just the cash and the actual dollars that you put into it. It's capital of that network. Like you said, the ability to actually even find a, a banker in your backyard that you can form a relationship with and build that trust. And, you know, eventually leads to the, the capital capital you need to build a business. Seth Levine: Here's a statistic that should scare everyone. 25 years ago, there were 14,000 banks in the United States. Today there are 4,800. Most of that consolidation has happened in the smaller end of the scale, as we've created, essentially these utilities out of banks, by the regulations that we put on top of the banking system.And so obviously some of those regulations were warranted. There were banks that were, you know, engaging in predatory lending behavior or behaviors and you know, needed to be curbed. But, it perhaps went a little bit too far. And the result of that is what we're seeing in terms of the consolidation of banking, which is not good for anyone.Brian Ardinger: So, you mentioned the pandemic and obviously that's had an effect, but some of those trends were happening before the pandemic. How do you see the pandemic affecting entrepreneurship, both good and bad?Elizabeth Macbride: Well, traditionally, there's a surge in entrepreneurship after a big economic downturn, right. Because people lose their jobs. And so, they like to start businesses because they're trying to pay the bills. And we've seen evidence that that's happening right. There was a huge surge in new business applications in the fall. So September, October. I think, you know, that's on one hand, a hopeful sign. On the other hand, we think those people will have a harder time starting businesses than say they would have 20 or 30 years ago, because of all the changes that we described in the book. There's a huge number of people that are entrepreneurial in the United States and want to be entrepreneurial as evidenced by the participation in the gig economy, which is 60 million people in 2019. But making the leap from that to becoming a business owner and a small business owner, and there are so many benefits to making that leap.That's what's become much more difficult, right? Is formalizing yourself into a business. And I just want to add here, because I think your listeners might be really interested to think about exactly how that word entrepreneurship was co-opted because when we looked into the research and of course I'm a wordsmith and Seth is a word lover, too. We discovered that it was Ronald Reagan. Right. Who figured out that he could sort of marry the ideas that were coming out of Silicon Valley, this vision of the aggressive sort of free thinking, innovative entrepreneur from the tech world. And he used the word entrepreneur to describe only those people and use that as sort of like a push for global democracy and capitalism.You know, he just synthesized all these ideas into that word. Silicon Valley, the marketing genius's  took it and ran with it. And an important thread in that was this libertarian idea. That I think is really holding back some of the things that we could do to support the broader world of entrepreneurship.Because if you buy into that myth, that entrepreneurs grew up, that they're libertarians. That it is a concept. It's the free market. Then you don't invest in some of the social safety net programs or the government support. You don't pay that much attention to government regulation. I mean, so many CEOs in Silicon Valley have said to me, government's always behind, right? We don't need to worry about it. Like we'll just succeed despite them. And that is really not reflecting the true history of Silicon Valley at all. Brian Ardinger: Yeah, it's quite ironic because a lot of obviously Silicon Valley came from the rise of government dollars going into defense and other things that were, that provided that R and D and original push to start some of this amazing stuff. Elizabeth Macbride: Yeah, exactly. Right. And it's just disturbing the extent to which that piece of the story is left out. Right. And it looks like a very convenient retelling of the history. Seth Levine: And I think it's also important to note that, you know, the government, we've talked about this a little bit, not a lot in the book. But government spending is not bad right on research and development. And in fact, there's some quite a bit of evidence that companies are not always great at spending on R and D, especially as they get larger, right. A lot of innovation comes smaller companies, but then when companies get larger than they don't necessarily invest in R and D.And a great example of just that inaction was the, the tax cuts that were enacted a couple of years ago, where, you know, the deal was that we were going to give companies a trillion-dollar tax cut, and they would then invest in their businesses. Right in R and D. And the exact opposite happened. They didn't. And they instead really bought their stock back. Which for any individual business that was looking to increase its share value, that might've been the right thing to do.But it suggests that the people running those businesses certainly felt like investing in buying their stock back was a better bet than invest in R & D because they just simply didn't know where to put it. Brian Ardinger: So, let's talk a bit about some of your favorite stories in the book. Who are some of the entrepreneurs you met and what are some of the positive, hopeful things that you found through the journey?Seth Levine: There are amazing stories in the book, and I certainly hope that your, that the listeners will go and pick up a copy and really read it. Because I think we really tried to write a book that was balanced in terms of storytelling, but also facts. And hopefully that's coming through on this podcast as well.You know, punctuating the facts with real stories. So, you can get a sense for those facts and action. You know, we think is a really good way for people to understand what's really going on the ground. So one thing that I would probably point out is Isaac Collin, who owns series of Yogurtini businesses in Kansas City.And he's just an incredibly compelling guy. And it's a story of someone who really, you know, with both, persevered and had a lot of grit, but also was helped by others. So he got into business because he won a business plan competition. And by winning that business plan competition, he actually won both the monetary help as well as business helped by this very successful relatively well-known in that area, businessman. And he got to start a Rocky Mountain Chocolate Factory with this guy. And, and ultimately that was a successful business because he's just a good business person. And he was able to sell that business, use the money, the proceeds from that sale, then to buy his first Yogurtini  business.What I really love about Isaac and this is true of really all the new builders we talked to is his connection to community. And just how important it was for him. He now has three, I think the fourth was not quite open, he's about to open a fourth location of his Yogurtini   businesses around the KC area.And, you know, community for him, isn't even just KC, it's like the individual neighborhoods where those businesses are located. And he has that deep sense of community. And, and it comes through in his business in the way that, you know, people who work at the businesses, open the door for their customers. So, they welcome them in and kids are welcomed to come in and do their book club and, and earn free yogurt. And he's just a great example of a quintessential new builder who is hardworking and has reached out and figured out how to build a network around himself. And has other things going on. He and, and two other women started a yoga series that goes into inner city schools and helps teach kids how to calm and center themselves through yoga. Just as one example, I mean, he's just someone who's constantly giving back. So he really stands out for me as just the quintessential rebuilder. Elizabeth Macbride: I'm so glad you talked about Isaac, because we haven't, we haven't actually talked about him in our interviews so far. I would highlight the entrepreneur who is sort of the center of the book. Her story is woven throughout and that's Danaris Mazara who started her bakery in Lawrence, Massachusetts, literally with $37 in food stamps. You know, she just has this amazing story of lying on her couch. Her husband had lost a job. This was in the great recession. She had a newborn baby. She was like, I don't have enough money to feed my family here. With that $37 in food stamps, she bought the ingredients to make blond sold it at the break table at the Samsung factory where she was working. And it went from there and she was lucky enough in the process of developing her company. So she did those early couple of years with, by herself and with the help of her friends in the community, and then happened on  EforAll which Seth referenced earlier.And I love the EforAll story. And we tell Danaris's story in the context of the founder of EforAll which is Desh Deshpande who was a telecom entrepreneur in the 1990s and made loads and loads of money and gives it back to the world in many different ways. But one of the things he did was found EforAll and he really has some interesting insights that we report in the book about the differences between encouraging entrepreneurs in the main street world and encouraging them in like an MIT or Stanford. Because at MIT or Stanford, there's all these smart people in search of a problem to solve. On the main streets of America and elsewhere, there are million problems in search of a solver. And he really talks in a compelling way about how you encourage both of those communities. And we end the book with Dinaris's as well, and her optimism looking toward the recovery post pandemic. And so, she's incredibly inspiring. For More InformationBrian Ardinger: Well, it's definitely exciting to hear those stories and it'll be exciting to see how this plays out as the world changes in front of us. Elizabeth and Seth, if people want to find out more about the book and more about yourselves, what's the best way to do that? Seth Levine: We set up a book website. We'll put it in the show notes, but it's www.thenewbuilders.com. And that's a great place to find out a little bit more about the book. You can read a little bit about us, and most importantly, you can buy the book there. We have links to a number of local booksellers. We're certainly encourage people to consider buying from local independent bookstores, whether it's the handful that we have listed on the site or their own independent bookstore. We do have links to Amazon, to Barnes & Noble of course they're bigger platforms. And those are also great ways to buy the book. There's a Kindle version that will be released. It'll be out by the time this show airs and there will also be an audio book that should be out right around the same time that the show airs as well.Brian Ardinger: Well, Elizabeth and Seth, thank you again for being on Inside Outside Innovation, sharing these stories very much like to continue the conversation and have you back on in the years to come as, as the world evolves. So, appreciate your time. Seth Levine: Thank you, Brian.Brian Ardinger: That's it for another episode of Inside Outside Innovation. If you want to learn more about our team, our content, our services, check out InsideOutside.io or follow us on Twitter @theIOpodcast or @Ardinger. Until next time, go out and innovate.FREE INNOVATION NEWSLETTER & TOOLSGet the latest episodes of the Inside Outside Innovation podcast, in addition to thought leadership in the form of blogs, innovation resources, videos, and invitations to exclusive events. 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On this week's episode of Inside Outside Innovation, we sit down with Seth Levine and Elizabeth Macbride, authors of the new book, The New Builders: Face to Face with the True Future of Business. We talk about the current and future state of entrepreneurship and hear some stories about new builders making an impact in their local communities. Let's get started.Inside Outside Innovation is the podcast to help you rethink, reset, and remix yourself and your organization. Each week, we'll bring the latest innovators, entrepreneurs, and pioneering businesses, as well as the tools, tactics, and trends you'll need to thrive as a new innovator.Interview Transcript with Seth Levine and Elizabeth Macbride, Authors of The New BuildersBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have some amazing guests. Today, we have Seth Levine and Elizabeth Macbride, authors of the new book, The New Builders: Face to Face with the True Future of Business. Welcome to the show. Elizabeth Macbride: Thank you very much.Brian Ardinger: I'm excited to have you on. Let me start out with a little background and bios for our audience. Among other things, Seth, you are the co-founder of the venture capital firm Foundry Group and Pledge 1%, which is a global network of companies that have pledged equity and time and product back to local communities.And Elizabeth, you are an award-winning business journalist, and founder of Times of Entrepreneurship, which is a new publication covering entrepreneurs beyond Silicon Valley, which is a topic near and dear to our heart. So welcome to the show. The first question I want to start with is what's the current state of entrepreneurship and what led you to write this book?Elizabeth Macbride: So, the current state of entrepreneurship in the United States is not nearly as good as people think it is. We concluded after our two years of working on the book, that entrepreneurship in the US is in this, in a state of profound decline. It's been declining over the past 40 years for a whole host of reasons. And I know we'll get into that some more. But I'll just answer the question as well about how we came to write the book, which is that I'm the original, like overlooked, not the original one, but an overlooked founder myself. Right. So I got a divorce seven years ago and had to reinvent my career pretty fast as a business journalist to feed my two kids. In doing that, I ended up founding this publication times of entrepreneurship. And along that journey met Seth, who has, a side specialty to being a venture capitalist, which is really supporting overlooked entrepreneurs. And so, we bonded over that and decided to write a book two years ago. That's how it came about.Seth Levine: Brian, I guess I'd add to that. We knew that there were really interesting stories, right? You tell many of them on your podcast of people building businesses that were for starters outside of Silicon Valley, and the big tech hubs. But also, really interesting businesses, but that weren't necessarily these sort of high growth tech focused businesses.And we wanted to tell their stories. Frankly, we thought it'd be kind of a lighthearted book. Interesting look at some founders that maybe were a little bit different than what people think of when they think of founders. But as we did all the research, we realized for starters, what Elizabeth just described, which is that entrepreneurship in the US is actually dying.And then we also learned that the types of people that are starting new businesses are very different than those people realize. Specifically, that the majority of new business owners are black, brown, female, and also quite a bit older than most people realize. And that, we realized as we came across these data, that these stories really need to be told. That it sort of went from a lighthearted, Hey, this will be fun. And we'll tell some interesting stories of people doing things out of the mainstream media eye. To, oh wow, there are some critical stories that we need to be telling here because we have a window here to change the trajectory of entrepreneurship in the us, and we'd act on it. Brian Ardinger: You know, and I think that's one of the things that we obviously talk about, you know, Tech Crunch and you hear the stories of the unicorns and things along those lines. And obviously that's important and that. But can you define, like, what is entrepreneurship to you? It's not just the tech giants that we're hearing about. How do you define a new builder? And what's the difference that you saw out there? Elizabeth Macbride: The way entrepreneurship traditionally has been defined is broader than the way it's currently defined. And so, when we looked at it and really, there's no reason why we should think of entrepreneurship as only the tech founders of Silicon Valley. They're part of the universe. They're not really the center of the universe. And definitely not the entire universe right. They're maybe 1% of all businesses in the US get venture capital funding.So, the fact that we're so consumed by that is sort of crazy. Because the other 99% are in fact, the drivers of a lot of jobs, they're actually drivers of innovation, we would argue as well. And they support and are part of our communities in just a host of important, different ways. And as the economy transitions, I think they're going to be even more important. So we define entrepreneurs as a very fundamental basic thing, right. They're  people starting businesses. Seth Levine: And that's always been the case in the US. And really, if you look back, I mean, certainly the US was founded by entrepreneurs. I mean, in some cases, quite literally, right? The Massachusetts Bay Companies, you know, all of these initial settlers that came over were essentially entrepreneurs, right? Who are in business ventures to go and settle new land and send raw goods and other materials back to Europe? And still, we have this long history of entrepreneurship and something changed in the last maybe 30 years or so, where the concept of entrepreneurship, use to be very broadly defined a shopkeeper is an entrepreneur, a local business owner was an entrepreneur.It got eaten up by the tech narrative, right? And this idea that the only entrepreneurs that were worth talking about were technology, business founders, and frankly, the only businesses that were worth talking about in the entrepreneurship context are businesses that are, have this aspiration for growth. Right? You referenced unicorns. And we think that that's incredibly dangerous to the overall dinosaur and frankly just the health of the US economy, because it really only describes such a small number of businesses. And frankly, and I say this from inside the world of venture capital, I'm not convinced that venture is a very good model for creating. Certainly, it's not a good model for creating broad-based economic development. Right. I mean, we know it can create some really big companies. And by the way, those companies are incredibly important. And other businesses end up being built on those companies. So Shopify or Google, like those are incredible innovations that help other small businesses, but it's just, it's not the only thing. And I think we've sort of lost sight of that. So it's, we don't argue in the book that, you know, that big is bad, for example, and small is good. We argue that there should be a balance just like we don't argue that venture capital should go away or anything crazy like that venture is great. But we talk about needing to create not just unicorns, but camels. So much more party actually real and not mythical, you know, animals that, you know, businesses that are sustainable and, and, you know, really are the drivers of our economy.Brian Ardinger: So you mentioned in the book, the research and that, around entrepreneurship and that it's going down and there's challenges around that. What is hindering the rise of new builders? Elizabeth Macbride: There's a lot, that's hindering a rise of new builders. You know, what we focused on in the book is really finance and that's the world that Seth and I both come from. So, we felt like we had a lot to say about it. And it's probably, I think it's deeply woven with the question of networks, but right, businesses need capital to grow. They just do. Like, we've also gotten consumed by this myth that what you need is grit, or perseverance in that, yes, that's all true. But we found so much grit and so much perseverance in the new builders that we interviewed. What they were missing was access to capital. And that is happening for a whole bunch of reasons.But maybe the clearest thing to say is that our system of community banking is really broken down. And I think that's the most direct tie. The other kind of pervasive issue is that the new builders reflect the increasing diversity of our country. So, they're women and people of color, immigrants, as they always have been, and older people. And they're really disconnected from the networks that also lead to that access to capital Brian Ardinger: in the book, you talk about something that really resonated this idea of a ghost startup or these companies that will never be created because of the lack of access to capital and things like that. Can you talk and explain a little bit more about that topic and the impact of that? Seth Levine: Hard for us to understand sometimes as Americans. Or really it's just humans, the thing that doesn't exist, right. We can look at the company that's true and see it was successful or it failed. Right. But what we struggle with is understanding businesses that just never got off the ground. And there's actually been some research that has studied this. And it sounds so simplistic.  But it's not right. I mean, Elizabeth describes capital is a key asset for starting businesses. And there have been some studies that looked at businesses that had more or less access to capital. And what they found is that there was no real difference in the innate qualities, right? The talent, the grit, those things that, that will make someone successful for people who had access to capital. And who didn't have access to capital in their businesses. But of course, there was a huge gap in terms of the success of those businesses. Companies that have access to capital, are more likely to be successful. And I think that's something that we really need to address.  And then Elizabeth talked about 1% of businesses receiving money from formalized institutional capital, like venture, which surprises most people.I think most people in our world think that it's a much larger, I mean, it's a big dollar amount, but it's a small number of companies. Which just goes to show you just how many more mainstream companies are actually being started out there. But only about 17% of businesses take money from banks. And so Elizabeth talked about a community banking system. We clearly need to bolster that system and increase the 17%. But we also need to recognize that a large number of businesses never take any formalized capital. They raise money from friends, family, you know, aunts, uncles, or they use a home equity line. And what's happening is that unfortunately people who don't have access to capital and don't have wealth built up over generations are struggling to start businesses. And this is diametrically opposed now to the people who are starting businesses, because the wealth gap in the United States, as many listeners may realize is 10 X between, the average white family, the average black family. That's true across every income level. That's true across every educational level as well.And the wealth gap as well for people from Hispanic origin is not quite as bad, but it's seven to one. So, at the same time that we're really relying on people's own capital sources to get them going, we're also the type of person who starting a business is shifting to the group of people that are less likely to have those personal capital resources.We need to address that. And we talk about in the book about a number of ways that we might, adapt, change, augment, help, better support our existing systems of finance to do a better job of supporting these new builders. Brian Ardinger: Are you seeing particular communities or particular areas of the US doing better when it comes to this fostering, this new builder?Elizabeth Macbride: That's a good and interesting question, actually. So, we did focus in the book on one particular community. We just ended up telling some woven stories about Stanton, Virginia. Which in a holistic way, I think did a ton to rejuvenate their community by entrepreneurship. So they started a community loan fund.  They have an angel network for that is like wealthy people in the community investing small sums in companies aren't necessarily tech businesses, but it could be like a pie company or whatever. They have both of those things going on. And then there's like, just a bunch of other community support. There's a maker-space there that I went down and visited. And it turned itself around that way. Right. On the foundation of some revitalization efforts that started in the eighties where some visionary business leaders downtown said, Whoa, we are not going to like destroy our historic downtown. Instead, we're going to, push really hard to preserve it. And on that foundation, the community was really able to rebuild itself economically.And its population is rising, which is kind of like the most basic measure, of community's health. Right. And actually, like super inspiring things during the pandemic. I mean, it ended up, of course it was suffering along with small, with communities everywhere, where small businesses were hurt so badly. And it also had a terrible flood in August that had like a storm cell just park over it and dump like eight inches.So enormous amount of rain washed out the downtown. You know, there were like cars floating around and as we reported it, we wrote about it for CNBC as well. And it's in the book as well. The community really came together. And there were people like digging out mud from storefronts to get their small businesses back up and running. It's inspiring what is happening in communities across the country that are pulling together. Seth Levine: So that's a story that sort of a physical, like a geographic community coming together. And it's a really good example of one. They took a long-term view. Lots of people got involved. There was a lot of buy-in.And, you know, a lot of what, like my partner, Brad Feld wrote the book, Startup Communities, a lot of what Brad and Ian his coauthor talk about in Startup Communities, I think was true in Stanton, but the other types of communities that we talk about a lot in the book are these sort of communities of like-minded people, right? And especially in this day and age, those don't need to be bounded by geography. Certainly the book is a hopeful book, Brian, and we talk about ways in which we believe that entrepreneurship can be revitalized. But we talk about some of these communities systibiz  in Denver or Ohub or digital and divided. EforAll we talk a ton about them. That, you know, these are all various communities of people that come together to help support new builder businesses. Some of them are place-based E for all works in certain locations. We talk about some of those, cause we, one of the entrepreneurs we highlight went through their program in Lawrence, Massachusetts. Others are a little bit more virtual, right? Where they might help people all over the place or bring people in together. But Silicon Valley has always been great at that. Right. And you know, there's so many stories of, I mean, how many accelerators are there in the world? Right? The Foundry, my venture firm, my day job, is the biggest investor in Techstars, which is one of the larger ones.And that's a great model, but how do we bring that. The network and the help that comes from being surrounded by a community of people that want to see you be successful? How do we bring that to new builders? And I think one of the things that we learned that scared us is that many people starting businesses feel like they're out on an Island and they're alone and they don't have resources to help them out. And that's why the community banking system that Elizabeth alluded to earlier is so important. We, it turned out, we were not seeking out community banking stories, but it turned out a number of the new builders that we talked to, their business trajectories were totally changed by, you know, what's in many cases, seemed like a chance meeting with a community banker who really spent some time to understand the business and then help them figure out how to finance it.Brian Ardinger: Well, and it comes back to capital is more than just the cash and the actual dollars that you put into it. It's capital of that network. Like you said, the ability to actually even find a, a banker in your backyard that you can form a relationship with and build that trust. And, you know, eventually leads to the, the capital capital you need to build a business. Seth Levine: Here's a statistic that should scare everyone. 25 years ago, there were 14,000 banks in the United States. Today there are 4,800. Most of that consolidation has happened in the smaller end of the scale, as we've created, essentially these utilities out of banks, by the regulations that we put on top of the banking system.And so obviously some of those regulations were warranted. There were banks that were, you know, engaging in predatory lending behavior or behaviors and you know, needed to be curbed. But, it perhaps went a little bit too far. And the result of that is what we're seeing in terms of the consolidation of banking, which is not good for anyone.Brian Ardinger: So, you mentioned the pandemic and obviously that's had an effect, but some of those trends were happening before the pandemic. How do you see the pandemic affecting entrepreneurship, both good and bad?Elizabeth Macbride: Well, traditionally, there's a surge in entrepreneurship after a big economic downturn, right. Because people lose their jobs. And so, they like to start businesses because they're trying to pay the bills. And we've seen evidence that that's happening right. There was a huge surge in new business applications in the fall. So September, October. I think, you know, that's on one hand, a hopeful sign. On the other hand, we think those people will have a harder time starting businesses than say they would have 20 or 30 years ago, because of all the changes that we described in the book. There's a huge number of people that are entrepreneurial in the United States and want to be entrepreneurial as evidenced by the participation in the gig economy, which is 60 million people in 2019. But making the leap from that to becoming a business owner and a small business owner, and there are so many benefits to making that leap.That's what's become much more difficult, right? Is formalizing yourself into a business. And I just want to add here, because I think your listeners might be really interested to think about exactly how that word entrepreneurship was co-opted because when we looked into the research and of course I'm a wordsmith and Seth is a word lover, too. We discovered that it was Ronald Reagan. Right. Who figured out that he could sort of marry the ideas that were coming out of Silicon Valley, this vision of the aggressive sort of free thinking, innovative entrepreneur from the tech world. And he used the word entrepreneur to describe only those people and use that as sort of like a push for global democracy and capitalism.You know, he just synthesized all these ideas into that word. Silicon Valley, the marketing genius's  took it and ran with it. And an important thread in that was this libertarian idea. That I think is really holding back some of the things that we could do to support the broader world of entrepreneurship.Because if you buy into that myth, that entrepreneurs grew up, that they're libertarians. That it is a concept. It's the free market. Then you don't invest in some of the social safety net programs or the government support. You don't pay that much attention to government regulation. I mean, so many CEOs in Silicon Valley have said to me, government's always behind, right? We don't need to worry about it. Like we'll just succeed despite them. And that is really not reflecting the true history of Silicon Valley at all. Brian Ardinger: Yeah, it's quite ironic because a lot of obviously Silicon Valley came from the rise of government dollars going into defense and other things that were, that provided that R and D and original push to start some of this amazing stuff. Elizabeth Macbride: Yeah, exactly. Right. And it's just disturbing the extent to which that piece of the story is left out. Right. And it looks like a very convenient retelling of the history. Seth Levine: And I think it's also important to note that, you know, the government, we've talked about this a little bit, not a lot in the book. But government spending is not bad right on research and development. And in fact, there's some quite a bit of evidence that companies are not always great at spending on R and D, especially as they get larger, right. A lot of innovation comes smaller companies, but then when companies get larger than they don't necessarily invest in R and D.And a great example of just that inaction was the, the tax cuts that were enacted a couple of years ago, where, you know, the deal was that we were going to give companies a trillion-dollar tax cut, and they would then invest in their businesses. Right in R and D. And the exact opposite happened. They didn't. And they instead really bought their stock back. Which for any individual business that was looking to increase its share value, that might've been the right thing to do.But it suggests that the people running those businesses certainly felt like investing in buying their stock back was a better bet than invest in R & D because they just simply didn't know where to put it. Brian Ardinger: So, let's talk a bit about some of your favorite stories in the book. Who are some of the entrepreneurs you met and what are some of the positive, hopeful things that you found through the journey?Seth Levine: There are amazing stories in the book, and I certainly hope that your, that the listeners will go and pick up a copy and really read it. Because I think we really tried to write a book that was balanced in terms of storytelling, but also facts. And hopefully that's coming through on this podcast as well.You know, punctuating the facts with real stories. So, you can get a sense for those facts and action. You know, we think is a really good way for people to understand what's really going on the ground. So one thing that I would probably point out is Isaac Collin, who owns series of Yogurtini businesses in Kansas City.And he's just an incredibly compelling guy. And it's a story of someone who really, you know, with both, persevered and had a lot of grit, but also was helped by others. So he got into business because he won a business plan competition. And by winning that business plan competition, he actually won both the monetary help as well as business helped by this very successful relatively well-known in that area, businessman. And he got to start a Rocky Mountain Chocolate Factory with this guy. And, and ultimately that was a successful business because he's just a good business person. And he was able to sell that business, use the money, the proceeds from that sale, then to buy his first Yogurtini  business.What I really love about Isaac and this is true of really all the new builders we talked to is his connection to community. And just how important it was for him. He now has three, I think the fourth was not quite open, he's about to open a fourth location of his Yogurtini   businesses around the KC area.And, you know, community for him, isn't even just KC, it's like the individual neighborhoods where those businesses are located. And he has that deep sense of community. And, and it comes through in his business in the way that, you know, people who work at the businesses, open the door for their customers. So, they welcome them in and kids are welcomed to come in and do their book club and, and earn free yogurt. And he's just a great example of a quintessential new builder who is hardworking and has reached out and figured out how to build a network around himself. And has other things going on. He and, and two other women started a yoga series that goes into inner city schools and helps teach kids how to calm and center themselves through yoga. Just as one example, I mean, he's just someone who's constantly giving back. So he really stands out for me as just the quintessential rebuilder. Elizabeth Macbride: I'm so glad you talked about Isaac, because we haven't, we haven't actually talked about him in our interviews so far. I would highlight the entrepreneur who is sort of the center of the book. Her story is woven throughout and that's Danaris Mazara who started her bakery in Lawrence, Massachusetts, literally with $37 in food stamps. You know, she just has this amazing story of lying on her couch. Her husband had lost a job. This was in the great recession. She had a newborn baby. She was like, I don't have enough money to feed my family here. With that $37 in food stamps, she bought the ingredients to make blond sold it at the break table at the Samsung factory where she was working. And it went from there and she was lucky enough in the process of developing her company. So she did those early couple of years with, by herself and with the help of her friends in the community, and then happened on  EforAll which Seth referenced earlier.And I love the EforAll story. And we tell Danaris's story in the context of the founder of EforAll which is Desh Deshpande who was a telecom entrepreneur in the 1990s and made loads and loads of money and gives it back to the world in many different ways. But one of the things he did was found EforAll and he really has some interesting insights that we report in the book about the differences between encouraging entrepreneurs in the main street world and encouraging them in like an MIT or Stanford. Because at MIT or Stanford, there's all these smart people in search of a problem to solve. On the main streets of America and elsewhere, there are million problems in search of a solver. And he really talks in a compelling way about how you encourage both of those communities. And we end the book with Dinaris's as well, and her optimism looking toward the recovery post pandemic. And so, she's incredibly inspiring. For More InformationBrian Ardinger: Well, it's definitely exciting to hear those stories and it'll be exciting to see how this plays out as the world changes in front of us. Elizabeth and Seth, if people want to find out more about the book and more about yourselves, what's the best way to do that? Seth Levine: We set up a book website. We'll put it in the show notes, but it's www.thenewbuilders.com. And that's a great place to find out a little bit more about the book. You can read a little bit about us, and most importantly, you can buy the book there. We have links to a number of local booksellers. We're certainly encourage people to consider buying from local independent bookstores, whether it's the handful that we have listed on the site or their own independent bookstore. We do have links to Amazon, to Barnes & Noble of course they're bigger platforms. And those are also great ways to buy the book. There's a Kindle version that will be released. It'll be out by the time this show airs and there will also be an audio book that should be out right around the same time that the show airs as well.Brian Ardinger: Well, Elizabeth and Seth, thank you again for being on Inside Outside Innovation, sharing these stories very much like to continue the conversation and have you back on in the years to come as, as the world evolves. So, appreciate your time. Seth Levine: Thank you, Brian.Brian Ardinger: That's it for another episode of Inside Outside Innovation. If you want to learn more about our team, our content, our services, check out InsideOutside.io or follow us on Twitter @theIOpodcast or @Ardinger. Until next time, go out and innovate.FREE INNOVATION NEWSLETTER & TOOLSGet the latest episodes of the Inside Outside Innovation podcast, in addition to thought leadership in the form of blogs, innovation resources, videos, and invitations to exclusive events. SUBSCRIBE HEREYou can also search every Inside Outside Innovation Podcast by Topic and Company.  For more innovations resources, check out IO's Innovation Article Database, Innovation Tools Database, Innovation Book Database, and Innovation Video Database.  

In this episode, Elizabeth and Seth talk about why entrepreneurship is dying, where would the next wave of entrepreneurship come from and what can be done to turn the decline of entrepreneurship

Despite popular belief to the contrary, entrepreneurship in the United States is dying. It has been since before the Great Recession of 2008, and the negative trend in American entrepreneurship has been accelerated by the Covid pandemic. New firms are being started at a slower rate, are employing fewer workers, and are being formed disproportionately in just a few major cities in the U.S. At the same time, large chains are opening more locations. Companies such as Amazon with their "deliver everything and anything" are rapidly displacing Main Street businesses. Elizabeth MacBride and Seth Levine know a lot about these trends and more. They are the authors of the new book,The New Builders - Face to Face with the True Future of Business. They joined me on the Go For Launch Podcast. In the book, they tell the stories of the next generation of entrepreneurs -- and argue for the future of American entrepreneurship. Elizabeth MacBride is an award-winning business journalist and the founder of Times of Entrepreneurship, a new publication covering entrepreneurs beyond Silicon Valley. Elizabeth has reported on business, economics and entrepreneurship around the world, from New York City to Gaza to Northern Idaho to Cambodia. A former managing editor of Crain’s New York Business, her work has appeared in Forbes, Newsweek, The Washington Post, Quartz, HBR.com and many others. She’s also been an entrepreneur herself as co-founder of RIABiz.com and 200kfreelancer.com, and she was part of the founding team of Wealthfront, the first online investment advisor. Seth Levine is a long-time venture capitalist who works with venture funds and companies around the globe. He is a partner at Foundry Group, a Boulder, Colorado-based venture capital firm he co-founded in 2006—which as of the end of 2020 had almost $3 billion in assets under management. Seth also co-founded Pledge 1%, a global network of companies who have pledged equity, time and product back to their local communities. He is on the board of StartupColorado, which promotes entrepreneurship in areas of Colorado outside of the front range. He also works with a number of funds and companies - especially in the Middle East and Africa - to help promote entrepreneurship and economic development.

May 7, 2021 The New Builders Seth Levine and Elizabeth MacBride and Responsive Leadership Jackie Jenkins-Scott

Elizabeth MacBride is an award-winning journalist and an entrepreneur with deep expertise in finance, technology and international business. She has talked her way into Gaza for a story, reported on business in refugee camps and written stories about entrepreneurs everywhere from Northern Idaho to Helena, Arkansas, to Cambodia. She is the co-author of The New Builders and founder of Times of Entrepreneurship, a weekly web publication covering entrepreneurs beyond Silicon Valley, launched in Feb. 2020, with support from the Kauffman Foundation and the Walton Family Foundation. Elizabeth has written or edited for Quartz, Forbes Magazine, Atlantic.com, Stanford GSB, CNBC, HBR.com, BBC Capital, Advertising Age, Newsweek and many others. Her stories have been viewed by millions of people worldwide and translated into languages including Arabic, Turkish and Armenian. Her recent work includes a viral story: “Why Venture Capital Doesn’t Build What We Really Need,” for MIT Tech Review; an award-winning feature on the lack of diversity among investment advisors for Investment News, the most efficient form of aid for Syrian refugees for Quartz, and a feature for CNBC on one of the few successful economic development projects in Bethlehem, led by Greek businessman, Samer Khoury.Elizabeth's work for corporate and startup clients includes thought leadership with Andy Rachleff, co-founder of Benchmark Capital and Wealthfront, as well as a number of internationally known Stanford professors in management and finance, including Huggy Rao and Benham Tabrizi. She edited two books on investing for Charley Ellis, founder of Greenwich Associates, and the author of the classic Winning the Loser's Game.

What did you get when you cross a Foam Party on Lindell with High Schoolers?  Kevin Killeen’s latest Whole ‘Nother Story as Ryan opens the last hour of today’s show.  Following that, Ryan sits down with business journalist Elizabeth MacBride to talk about her new book “The New Builders: Face to Face with the True Future of Business.” See omnystudio.com/listener for privacy information.

On this episode of More Than Profit, Bryce talks with Elizabeth MacBride, freelance writer and Founder and Editor for the Times of Entrepreneurship. Elizabeth has always had a passion for telling stories, inspiring her to study journalism in college. As the recession of 1991 was surging, the job market was limited. Elizabeth took a position at a business newspaper, one of the only places hiring at the time, which launched her career in journalism. Bryce and Elizabeth talk about how she is keeping her profession alive despite the global pandemic and how she is using her writing as the fuel for change. She is known for using her platform to address topics that mainstream journalists are quick to overlook. In many of her publications, Elizabeth shares stories that often go untold, like the emergence and success of women entrepreneurs and entrepreneurs of color. She discusses all of this and more on this episode of More Than Profit, Storytelling For Change With Elizabeth MacBride. If you want to keep up with Elizabeth's work, subscribe to the Times of Entrepreneurship, newsletter. Learn more about our work at Access Ventures.

Elizabeth MacBride is a highly accomplished journalist, writer, and editor, having written for CNBC, BBC Capital, Crain's New York, Advertising Age, the Washington Post, and the Christian Science Monitor, among others. Her passion for entrepreneurship led her to found The Times of Entrepreneurship, a free, weekly newsletter covering entrepreneurs on the biggest challenges facing the world: climate, health, education, security, and more. With focuses on female, older, and immigrant entrepreneurs, The Times of Entrepreneurship seeks to have the broadest range of voices, especially those who are often left out of the conversation. In this interview with Gennev CEO and co-founder Jill Angelo, they discuss mature women's advantages in leadership, including a wealth of "social capital," deep understanding of emotional patterns and how they influence behavior, and the surge of self-confidence that comes to so many women as they age.

Un nez trop gros, des cuisses trop larges, un ventre trop mou…qui n’a pas un jour souhaité changer une partie de son corps, aussi petite soit-elle ? Un soi-disant défaut physique peut vite virer à l’obsession. C’est ce qu’on appelle la dysmorphophobie ou la peur maladive d’avoir un corps mal formé.En quoi la beauté est-elle une addiction ? Qu’est ce que le « fat talk » ? Pourquoi l’image qu’on se renvoie à nous-mêmes joue autant sur notre mental ? Comment mieux accepter son corps ?Pour répondre à ces questions, Jennifer Padjemi reçoit Sophie Cheval, psychologue pour adultes à Paris spécialisée dans les souffrances liées à l’apparence physique et autrice de « Belle, autrement ! En finir avec la tyrannie de l’apparence ».RECOMMANDATIONS ET COUPS DE CŒURLES RECOS DE SOPHIE : lire le superbe essai « Hunger – une histoire de mon corps » de Roxanne Gay, la désormais bible « King Kong Théorie » de Virginie Despentes et « Beauté fatale » de Mona Chollet pour mettre en perspective nos souffrancesRÉFÉRENCES CITÉES DANS L’ÉMISSION « WrittenResearchers : A Few Bad Hair Days Can Change Your Life » écrit par Elizabeth MacBride publié sur gsb.stanford.edu le 11 avril 2014, Belle, autrement ! En finir avec la tyrannie de l’apparence (Sophie Cheval, éd. Armand Colin, 2013), The Beauty Myth (Naomi Wolf, éd. Chatto & Windus, 1990), Bodies (Susie Orbach, éd. St. Martins Press-3PL, 2009), Body Wars (Margo Maine, éd. Gurze Books, 1999), sophiecheval-psy.frCRÉDITS Miroir miroir est un podcast de Jennifer Padjemi, produit par Binge Audio. Réalisation : Quentin Bresson et Solène Moulin. Générique : Théo Boulenger. Chargée de production : Juliette Livartowski. Chargée d’édition : Diane Jean. Identité graphique : Marion Lavedeau et Sébastien Brothier (Upian). Direction des programmes : Joël Ronez. Direction de la rédaction : David Carzon. Direction générale : Gabrielle Boeri-Charles. See acast.com/privacy for privacy and opt-out information.

IRAs are an incredibly valuable tool used for retirement planning but they can be confusing. Travis and Kelly help you avoid the many rabbit holes of investing jargon by breaking down the defining terms of these two types of IRAs, then they discuss the similarities between the Roth and Traditional, and finally point out the important differences. Those differences help define which strategy may be appropriate for you, whether you’re a low-income earner or a high-income earner. They also discuss how a low tax environment impacts the benefit of each.   References: “How the new tax law changes Roth IRA conversions,” Financial Planning, Ed Slott, 1.23.18 https://www.financial-planning.com/news/roth-ira-conversions-the-new-tax-law-changes-conversions “It’s Roth’s 20th birthday party. Where is everyone?” Financial Planning, Ed SLott, 11.20.17 https://www.financial-planning.com/news/roth-ira-rollover-for-retirement-planning-and-tax-savings “What is a backdoor Roth IRA?” RothIRA.com, Elizabeth Macbride, accessed 6.23.18. https://www.rothira.com/what-is-a-backdoor-roth-ira   Disclaimer: Investment Answers LLC is a Financial Advisory firm. Investment Advisory Services offered by Investment Answers Capital LLC. For the most updated Registered Investment Advisory disclaimer, please visit our website at www.InvestmentAnswers.net. This information is intended for entertainment or educational purposes only. Opinions, rules, regulations and laws expressed are subject to change without notice and are not intended as individualized investment or tax advice. Past performance does not predict or guarantee future results. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. These are the general views and understandings of Investment Answers, LLC, and should not be construed as personalized investment or tax advice. Consult a qualified financial professional before making any financial decision. (6.23.18)

Elizabeth MacBride is a freelance writer, editor and media consultant. She is an entrepreneur who writes about entrepreneurs and her expertise lie in business, finance and technology. Elizabeth's clients include Abigail Disney and Stanford University Graduate School of Business. We had a wide-ranging conversation that covered everything from entrepreneurship in Gaza's fisherwoman to actionable tips for investing your wealth. We discussed how to be a good interviewer, the power of vulnerability and how it changes with age. I asked about women in business generally, but also specifically in media - we ended up "taking breasts to work!" We briefly touched on Elizabeth's blog on Forbes.com and the business of guns in the USA. And I asked her about coping mechanisms as a single parent and breadwinner. During our conversation we referenced... Elizabeth's Blog on Forbeswww.forbes.com/sites/elizabethmacbride Article on Gaza's Fisherwomanwww.forbes.com/sites/elizabethmacbride/2016/08/29/how-the-courageous-fisherwoman-of-gaza-is-building-a-business-in-the-blockaded-seaport Gaza Technology Hub gazaskygeeks.com You can follow Elizabeth MacBride on Twitter @editoremacb or www.elizabethmacbride.com

Welcome to Episode 40 of Products of the Mind. On this episode, I speak with journalist and world traveler Elizabeth MacBride. “I remember landing in Amman, Jordan and just being amazed at how beautiful it was and how friendly the people were, and that is something that holds true across the Middle East; it’s beautiful and the people are nice.“ Today’s discussion is with journalist and writer Elizabeth MacBride. Elizabeth talks about the progression of her journalism career; beginning with how covering the Amish in Lancaster, Pennsylvania led her to a life-changing trip to Saddam Hussein’s Iraq in 1997. Elizabeth also shares some of her more visceral journalism experiences such as reporting on persecuted Marsh Arabs and visiting hospitals in Bagdad where cancer medicine was banned by Saddam Hussein as a response to political and economic sanctions. After being exposed to the beauty of the Middle East, Elizabeth began focusing more on marginalized and minority groups and how these groups are a rising entrepreneurial force. Elizabeth writes extensively on Middle Eastern economics and entrepreneurship, and we’ll discuss a few of her findings in this interview including a report on women refugee entrepreneurs in post-Arab Spring cultures. We’ll also hear about the role of dignity in entrepreneurship, the Iranian economy, overcoming market challenges for entrepreneurs, and how political and economic challenges (such as sanctions) shape entrepreneurship and vice-versa. This and more today with Elizabeth MacBride. Links and notable mentions from today’s episode: Elizabeth’s site Elizabeth’s articles for The Atlantic Seven Reasons Iran could become an Entrepreneurial Powerhouse Elizabeth’s page on Forbes.com Rumi Petra, Jordan Thanks for Checking Out Products of the Mind! If you enjoyed today’s show, please share it by using the social media buttons you see at the top and bottom of this page. Also, please consider taking the few seconds it takes to leave an honest review and rating for the podcast on iTunes. They’re very helpful when it comes to the ranking of the show and I read every one. Finally, don’t forget to subscribe to the podcast on iTunes or your favorite podcast app to get automatic updates every time a new episode goes live. Here are instructions on how to subscribe, rate, and review the show in iTunes. The Credits Products of the Mind is produced by Mana Monzavi. The illustration accompanying these show notes is by Whit Harris. The theme music for this episode was provided by Le Chateau. The track name is “Bury You.” Go buy it on Soundcloud! This episode and these show notes © 2016 David Lizerbram