There are more than 36 million small businesses operating in the U.S., accounting for 46% of all private sector employment, according to the U.S. Small Business Administration. That’s over 62 million people. In the three years after the pandemic, small firms led the U.S. in hiring, accounting for 53% of new job creation during that time. In 2025, it looks like the money they were reserving for hiring new workers has gone to paying the cost of Trump’s tariffs instead.
Born in Egypt but raised in the United States, Michael attended Harvard University as an undergraduate and earned a law degree from Stanford. He began his career with a quick stint at Goldman Sachs as an associate in the communications, media, and entertainment investment banking group, before jumping into tech at Tellme Networks in 1999, a voice-recognition company that he helped run before it was acquired by Microsoft in 2007 for roughly $800 million.
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