Some good thinking from Science Progress:

Here’s how an “equity jobs” program would work. Public and private venture capital funds would go directly to companies at the top of the list as potential jobs producers. They would only go to companies that are ready to hire new employees to support their growth, whether the company employs only a handful of workers but is poised to launch a groundbreaking new product or service that can be quickly scaled up, or employs 300 hundred or more workers but needs the equity investment to expand their operations across the country or overseas, mostly likely in tandem with public and private debt financing, too.

As an investor, the federal government would be a limited partner in these funds, so all public money would be returned to the U.S. Treasury along with dividends as companies went public on U.S. stock exchanges or were acquired by other companies looking to expand their operations or tap new technologies with homegrown production. This would be a positive “double bottom line” for America.

Making this program churn out jobs would require a rigorous selection of savvy fund managers with track records of strength and quality of work. They would need to boast a variety of company building skills alongside financial and entrepreneurial acumen, but also the basic skills metrics of a good VC such as speed of exits, cash-on-cash returns, investment volume, and ability to build “home run” potential in their portfolios.

via Daily Renegade, who astutely points out the one key change that has to be made – the “or overseas” part doesn’t totally work if you want this to yield as many sustainable American jobs as possible. We need startups that do more of their operation expanding here.