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Obamacare could help fuel a tech start-up boom

dcblogs (1096431) writes | about a year ago

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dcblogs (1096431) writes "The arrival of Obamacare may make it easier for some employees to quit their full-time jobs to launch tech start-ups, work as a freelance consultant or pursue some other solo career path. Most tech start-up founders are older and need health insurance. The average age of people who create a tech start-up is 39, and not 20-something," said Bruce Bachenheimer, who heads Pace University's Entrepreneurship Lab. Entrepreneurs are willing to take on risks, but health care is not a manageable risk, he said. "There is a big difference between mortgaging your house on something you can control, and risking going bankrupt by an illness because of something you can't control," said Bachenheimer. Donna Harris, the co-founder of the 1776 incubation platform in Washington, believes the healthcare law will encourage more start-ups. "You have to know that there are millions of Americans who might be fantastic and highly successful entrepreneurs who are not pursuing that path because of how healthcare is structured," said Harris"
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