On Mon, Jun 2, 2008 at 9:35 AM, Jim Devine <[EMAIL PROTECTED]> wrote:
> John seems to be following a non-Schumpeterian definition of
> "entrepreneur" entrepreneurs are simply small business-owners. I
> prefer the term "petty bourgeois" for them, though to some extent
> definitions are merely a matter of taste. (BTW, I distinguish the
> petty bourgeoisie from the professional-managerial "middle layers.")


I think this is a misunderstanding. Small business owners e.g. a pizza
shop owners are not entrepreneurs. A programmer in a Silicon Valley
garage with a good software, or a university professor with a new
invention looking to turn their ideas into real products are
entrepreneurs. e.g. the founders of Google were entrepreneurs when
they started out. *Successful* entrepreneurs (like the Google guys),
of course, eventually become capitalists but I don't see why that has
to be the case.

John V is quite right in pointing out that entrepreneurs are usually
victims of capitalists (VCs) just as workers are.
-raghu.
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