Caroline Baum: U.S. cedes its competitive edge in entrepreneurship

There was a time when the U.S. was the only game in town when it came to attracting venture capital for startup businesses.

No longer. The U.S. is still the No. 1 venue for startup activity, but its share of the global pie is shrinking at a rapid pace, according to a new study for the Center for American Entrepreneurship by Ian Hathaway, research director at the CAE and a senior fellow at the Brookings Institution, and Richard Florida, University Professor at the University of Toronto’s School of Cities and Rotman School of Management.

The relative reduction in U.S.

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