Starting a Global Business With No U.S. Employees
November 19, 2010 Leave a comment
The Eritrean-born physics Ph.D. left his job as a stock analyst to launch MCAP Research LLC, a Montclair, N.J., business aimed at helping investors process reams of company earnings reports. Over the past two years, he has developed the company from an idea to a working website with paying customers.
But he hasn’t hired a single U.S. employee or made any significant capital investments in computer servers or other infrastructure.
See the next post, below this one, for more on this and why this is relevant to Spokane.
The “entrepreneur” above has outsourced all of his software work to Belarus, Ukraine and Pakistan. No high skilled jobs were created in the U.S. – none.