3 Questions: Daniel Auguste on why “successful entrepreneurs don’t fall from the sky”
The MLK Visiting Professor studies the ways innovators are influenced by their communities.
A lack of access to critical resources has prevented many middle- and low-income entrepreneurs from starting successful businesses, economic sociologist Daniel Auguste told an MIT audience in a Feb. 9  presentation on barriers to entrepreneurship in under-resourced communities of America.
That’s a fundamental problem because entrepreneurship is one of society’s most significant pathways to economic security and building intergenerational wealth, according to Auguste, who is an MLK Visiting Assistant Professor at the MIT Sloan School of Management for the 2022-2023 academic year.
MIT News sat down with Auguste, who is also an assistant professor in the Department of Sociology at Florida Atlantic University and a faculty affiliate at the Social Policy Institute at Washington University, to discuss the implications of his work and how he hopes it changes things from a policy perspective.