"[4] Sahlman suggested that successful business plans need to focus on "the people, the opportunity, the context, and the possibilities for both risk and reward.
"[5] With his colleague Josh Lerner, Sahlman argued that several steps could be taken to make entrepreneurship as competitive in the United States as it is in China or Brazil.
For example, they suggested that the USG should invest more in business ventures, and use the toolbox of taxes and subsidies to encourage innovation.
They added educated immigrants should be given green cards to improve the rate of human capital in the United States.
They also suggested that the government should publish financial data and encourage dialogue between trade organizations, and discourage unfair competition by banning monopolies.