The PROTECT IP Act Will Slow Start-up Innovation - Union Square Ventures: A New York Venture Capital Fund Focused on Early Stage & Startup Investing

The PROTECT IP Act Will Slow Start-up Innovation - Union Square Ventures: A New York Venture Capital Fund Focused on Early Stage & Startup Investing: "tudied thirteen mature national economies and found that over the past five years, 21% of GDP growth can be directly attributed to the Internet. They found that 2.4 jobs were created for every job lost to Internet efficiencies. They also found that over the last fifteen years, an increase in Internet maturity is directly correlated to an average increase in real per capita GDP of $500. By contrast, it took 50 years to see that impact during the industrial revolution of the 19th century.

The Internet is good for the economy. It is also good for consumers. McKinsey found that Internet efficiencies put $64B back in U.S. consumer's pockets in 2009. The full report is here."

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