A note from our editor, Elizabeth MacBride:

When I saw the news last week that the Biden administration had used the word genocide to describe the Armenian massacres that happened more than a century ago, I thought about Moderna. I remembered sitting in Yerevan, the capital of Armenia. I had gone there to cover a convening of humanitarians. I met Noubar Afeyan then, interviewed him and wrote a couple of stories

Afeyan is the grandson of an Armenian who escaped slaughter during the genocide. He was rescued by German army officers and made his way to Lebanon, where Afeyan was born. The family eventually emigrated to Canada. Afeyan went on to found Moderna. Where would we be without the Moderna vaccine today? This story makes me think about those German soldiers, and about the power of individual action in the face of evil. 

You might ask, who cares what we call the events of more than a century ago (many reputable sources name it a genocide). But people of Armenian and Turkish descent do care, deeply. No president since Reagan has had the courage to name the massacres as a genocide for fear of angering the Turkish government, and Turkish diplomats responded last week with wounded anger. The journalist Ted Koppel, whom I met in Armenia, told me a report on the genocide on Nightline received more mail than any other in his long career.

Was Afeyan lobbying for the acknowledgement? He has the ground to do so now, and perhaps the recent death of Vartan Gregorian, another leader of Armenian descent who was president of the Carnegie Corp., weighed on the scales, as well.

Finally I though of that Martin Luther King quote popularized by Obama. “The arc of the moral universe is long, but it bends toward justice.”

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The New Builders Launches May 4

The new book from Times of E founder Elizabeth MacBride and Seth Levine arrives in bookstores next week and is available for pre-order now. The book has been called “gamechanging,” in interviews on All Things Considered, BBC and in an upcoming op-ed in Fortune, the co-authors share a new view of small businesses and startups in America.

• Entrepreneurship in the United States is in a state of profound decline
* The definition of entrepreneurship has been overtaken by Silicon Valley in a way that is both dangerous and has contributed to a fundamental misunderstanding of new businesses
• Our obsession on size and scale has been toxic
• The people who are starting businesses today, New Builders, are different from what most people realize – specifically more and more people starting businesses are Black, brown, and female. Many are older than people realize. Importantly they are disconnected from the people who control capital
• Deeply tied to their communities, New Builders are poised to succeed as the economy rebuilds — if we can support them.

Buy The Book »

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This story and others on New Builders Dispatch are made possible by a sponsorship from the Ewing Marion Kauffman Foundation. The Ewing Marion Kauffman Foundation is a private, nonpartisan foundation that provides access to opportunities that help people achieve financial stability, upward mobility, and economic prosperity – regardless of race, gender, or geography. The Kansas City, Mo.-based foundation uses its grantmaking, research, programs, and initiatives to support the start and growth of new businesses, a more prepared workforce, and stronger communities. For more information, visit www.kauffman.org and connect with www.twitter.com/kauffmanfdn and www.facebook.com/kauffmanfdn.

A business journalist for 20 years, am the founder of Times of Entrepreneurship and the co-author of The New Builders.