The common wisdom says that the American heartland is finished after a disastrous series of economic decisions outsourcing the manufacture of America’s physical goods. The pundits say the American dream is dead and this next decade will see the further decline. It may be that all the doomsayers are right.
But I don’t think so.
My prediction is that the common wisdom is very, very wrong – that the second decade of the 21st century may turn out to be the United States’ finest hour. We’re standing at the beginning of the entrepreneurial revolution.
There’s Something Happening Here, What It Is Ain’t Exactly Clear
Over the last half a century, Silicon Valley has grown into “ground zero” of entrepreneurial and startup culture. The Valley emerged by the serendipitous intersection of:
Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.
YTD: Jan 1, 2026 - Oct 24, 2026 vs Jan 1, 2025 - Oct 24, 2025
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Number of Filings131Prior 126 +4.0%
Target Raise, Total$3.40BPrior $3.54B -3.9%
This YTD
Year prior
Change
Filings
131
126
+4.0%
Target raise
$3.40B
$3.54B
-3.9%
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This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.
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The common wisdom says that the American heartland is finished after a disastrous series of economic decisions outsourcing the manufacture of America’s physical goods. The pundits say the American dream is dead and this next decade will see the further decline. It may be that all the doomsayers are right.
