New York Times: “With the zeal of an evangelist, Mr. Yang raised tens of millions of dollars for the organization with the goal of creating 100,000 jobs in cities where they were most needed, such as Detroit. The aim led the Obama administration to declare Mr. Yang a ‘Champion of Change’ and paved the way for his political career.”
“But a review by The New York Times of Mr. Yang’s tenure at Venture for America found a yawning gap between his bold promises and the results of his efforts.”
“Only a small fraction of the group’s alumni have started companies, and most of those businesses have either closed or moved to traditional start-up hubs like Silicon Valley. Today, only about 150 people work at companies founded by alumni in the cities that the nonprofit has targeted.”
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