Being a mentor and an investor at an accelerator is also a wonderful opportunity to invest in smart people that bring innovation and have an impact in society's welfare by supporting small businesses that create new jobs.
We have no time to waste reinventing how we educate our children, but we also have to help those already in the workforce, who are struggling to adapt to the rapid changes in our economy.
L.A. is a glamorous and high profile locale to many, yet it's developed a bit of a bad reputation for those on the job market. In fact, last month unemployment in L.A. and Long Beach higher than both the national and statewide averages.
Now would be an ideal time for someone to create a more comprehensive database that keeps track of the success to failure ratio at each of these accelerators.
Technology has led to ongoing disruptions in industries ranging from music to publishing, but our government has been left behind. But now that's hopefully about to start to change, right here in San Francisco.
Over the past few months, I've seen over 160 companies come through eight different accelerator programs. It's a skewed group, but it captures the zeitgeist of a certain segment of the tech industry.