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Clinton's Startup-Minded Global Initiative Kicks Off Today in Chicago

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Clinton's Startup-Minded Global Initiative Kicks Off Today in Chicago

AP

FILE - In this March 16, 2010 file photo, former President Bill Clinton gives the keynote address at the "25 Years of Dot Com Policy Impact Forum" in Washington. Internet minders voted Monday, June 20, 2011 to allow virtually unlimited new domain names based on themes as varied as company brands, entertainment and political causes, in the system's biggest shake-up since it started 26 years ago. Groups able to pay the $185,000 application can petition next year for new updates to ".com" and ".net" with suffixes using nearly any word in any language, including in Arabic, Chinese and other scripts, the Internet Corporation for Assigned Names and Numbers decided at a meeting in Singapore. (AP Photo/Jacquelyn Martin, File)

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Some people take issue with why former presidents still are referred to with the title "president." Today and tomorrow suggests why: President Bill Clinton is in town for the first annual Clinton Global Initiative, a two-day rager at the Sheraton intended to address job creation as it pertains to small-business growth and startups in general.

"Companies five years old or younger are responsible for the majority of net job growth over the last 30 years," Clinton told Inc.com, a staggering and of course impressive statistic.

Among the startups selected to be a part of the dialog is BabbaCo, a wildly successful local company that's essentially a one-stop shop for baby products that's been quickly making inroads towards becoming an indisputably big business. Founder/president Jessica Kim's involvement is hardly a shock since she's proven herself a savvy and generous business owner: she learned to sew to manufacture her first prototype, utilized state programs to find investors, and supports the local economy by using a local factory to manufacture some of her designs. BabbaCo isn't quite a Fortune 500 company yet, but it wouldn't be a shock that it'd attain that status soon.

If you tried to snag an invite but couldn't get one, fret not: Clinton's good buddy Al Gore apparently talked him into providing a live stream of the event on the former vice president's invention, the Internet. That's available here, and the event kicks off at noon. Might we suggest nuking some microwave popcorn?

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