Thinker101
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- Mar 25, 2017
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Mr. Yang is running for mayor of New York City as a bold thinker and entrepreneur. But his results have been uneven.
The idea back in 2011 was as simple as it was ambitious: help struggling American cities by recruiting promising college graduates, finding them jobs at start-ups in those cities and training them to open businesses of their own.
Only a small fraction of the group’s alumni have started companies, and most of those businesses have either closed or moved to traditional start-up hubs like Silicon Valley. Today, only about 150 people work at companies founded by alumni in the cities that the nonprofit has targeted.
A self-described “numbers guy” Mr. Yang left the group’s budget depleted, tax filings show. In 2017, when he left to run for president, the nonprofit spent $2.6 million more than it raised, ending the year with only about a month’s worth of cash in reserves.
Yep, sounds like the typical Democrat.
Andrew Yang Promised to Create 100,000 Jobs. He Ended Up With 150.
The idea back in 2011 was as simple as it was ambitious: help struggling American cities by recruiting promising college graduates, finding them jobs at start-ups in those cities and training them to open businesses of their own.
Only a small fraction of the group’s alumni have started companies, and most of those businesses have either closed or moved to traditional start-up hubs like Silicon Valley. Today, only about 150 people work at companies founded by alumni in the cities that the nonprofit has targeted.
A self-described “numbers guy” Mr. Yang left the group’s budget depleted, tax filings show. In 2017, when he left to run for president, the nonprofit spent $2.6 million more than it raised, ending the year with only about a month’s worth of cash in reserves.
Yep, sounds like the typical Democrat.
Andrew Yang Promised to Create 100,000 Jobs. He Ended Up With 150.