Obama's Legacy for Startups
By Dani Larson on January 13th, 2017
“[I]t has been the risk-takers, the doers, the makers of things—some celebrated, but more often men and women obscure in their labor—who have carried us up the long rugged path towards prosperity and freedom.”_ – President Obama, Inaugural Address, January 21, 2009
As the 44th President of the United States bid farewell to the nation in his final public address this week, we couldn’t help but get a little nostalgic as we recalled everything this administration has done over the past 8 years to prioritize entrepreneurship and support startups in this country, and around the globe.
GAN had the opportunity to contribute to some of President Obama’s initiatives – and in the spirit of nostalgia, we wanted to take a quick walk down memory lane to reminisce and celebrate some of the great things GAN was involved with during the Obama administration:
- In 2011, the President made it clear that a focus of his administration would be entrepreneurship when he launched the Startup America Initiative – this was where GAN was officially launched (at that time, under the name of the Techstars Network)!
- In 2014, the SBA Growth Accelerator Fund Competition awarded its first $2.5M in prizes to 50 accelerators across the US. The GAN helped shape the nature of the awards and brought all winners together for half a day in Washington prior to the initial award ceremony at the White House.
GAN features in recent White House Announcements:
- In 2015, on our commitment to increasing gender diversity in tech, Commitments to Advance Inclusive Entrepreneurship at First-Ever White House Demo Day
- In June 2016, GAN’s Partner Network launch, White House Fact Sheet to kickoff the Global Entrepreneurship Summit
- In November 2016, GAN’s progress to support startups, Fact Sheet highlighting President Obama’s Top 10 Actions to Advance Entrepreneurship
As a community, we are so grateful for all that this administration has done over the past 8 years to prioritize entrepreneurship in both national and global agendas.
In his 2015 address to entrepreneurs in Nairobi, Kenya during the Global Entrepreneurship Summit, Obama said “Entrepreneurship brings down barriers between communities and cultures and builds bridges that help us take on common challenges together." Thank you, Mr. President, we couldn’t agree more.