With President Obama starting his second term in office, Silicon Valley Bank asked startup companies across America: “What piece of advice would you give to President Obama with regard to supporting the innovation economy?” Simplifying taxes and focusing on building a strong talent pool made up nearly half of all responses, which came from 600 comments by CEOs and executives of startup companies across the US. The question was part of Silicon Valley Bank’s fourth annual survey of startup companies nationwide.
“Startup companies are looking for simplicity and relevant talent above all,” said Greg Becker, CEO of Silicon Valley Bank. “They said things like, ‘cut the red tape,’ ‘simplify the tax code’ and ‘improve US science and math education to best-in-world outcomes.'”