![]() And he is almost certain to qualify for the first presidential debate this month. But how VFA fared matters because Yang’s candidacy is based on similar marketing and promises - such as Universal Basic Income and “Human-Centered Capitalism” - and on his professed background as a successful entrepreneur. It might be easy to dismiss VFA as some miniscule project by a joke presidential candidate. And while VFA fellows deeply admire him personally, he did not manage to build the philanthropic juggernaut to revitalize urban America that he once promised he would. Yang is running for the Democratic nomination not only on his doomsday vision of a automation-driven apocalypse, but also on these years at Venture for America, which places college seniors at startups like Teach for America does in schools. “In order for organizations to have a very high ceiling, you need to set the goal very, very aggressively,” Yang said. VFA today has not created even 4,000 jobs. And even as the organization has pivoted away from the jobs goal and more toward fellows’ experiences, almost half of them no longer live in the cities where they were originally placed.Īnd so Yang’s record at VFA raises questions about whether he is similarly over-prioritizing marketing and setting unrealistic expectations in his presidential campaign.įor instance, Yang himself admits that the milestone of 100,000 jobs at the core of his pitch was not a realistic target. Yang says today that he quit Venture for America, his attempt to transform cities like Baltimore by spreading the startup gospel, because he realized that startups could never create enough jobs to make up for all those that robots are predicted to displace.īut that’s not the whole story: Yang’s nonprofit is also struggling to reshape the startup ecosystem at any real scale and is falling far short of its original goal to create 100,000 jobs, according to interviews with over a dozen VFA fellows, current and former employees, and former board members. “It’s a very hard thing to admit to oneself,” Yang told Recode. That’s because, while the award committees might not have known it, Yang, now a Democratic candidate for president, knew that he didn’t really deserve the applause. Mike McGarrity ’90 (Vice President of Global Risk Services, Global Guardian LLC.Andrew Yang spent six years as an evangelist for how startups could transform American cities, collecting accolades from the White House, delivering TED-style talks, and starring in documentaries.Steve McClatchy ’91 (Founder, Alleer Training and Consulting New York Times Bestselling Author).Daniel Kane '15 (Founder, Attorney, Law Office of Daniel T.Ann Fitzgerald ’88 (Founder, AC Fitzgerald).Jeff Cherry '82 (Managing General Partner, Conscious Venture Partners). ![]() ![]() Brian Cashman ‘89 (General Manager, New York Yankees).Billy Barnes '18 (Director of Sales, Clowder).This select CUA Alumni group serves as mentors for undergraduate students during their entrepreneurship journey. VentureLab at CUA’s Ciocca Center for Principled Entrepreneurship has established a team of nationally recognized CUA alumni in their respective fields ranging from entertainment, law, sports, marketing, security, and finance.
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