Nothing ventured, nothing gained.

• Author: Peters, Charles
• Position: TILTING at windmills - Brief article

If our purpose in aiding small business is to create jobs, then we should concentrate on the startups. They are the ones that produce the new jobs, according to recent research reported by Steve Loher in the New York Times. Loans do them little good. What they need, according to Josh Lerner, a professor at Harvard Business School, is equity investment. As I found out when I started this magazine, if you don't have enough friends willing to bet on you, the sources for that money...