In November, US President Biden celebrated a claimed record of 14.6 million business startup applications, attributing it to his administration's support for small businesses. While there is a surge in new business formations, the real reasons behind this trend might not be directly linked to the president's policies. Before Biden's term, the U.S. experienced a notable increase in new business applications in 2020 and 2021, reaching over 5 million. However, the numbers dropped slightly in 2022. The recent data from the Small Business Administration and the U.S. Census Bureau reveals that many startups are essentially freelancers, independent contractors, and sole operators who may not employ more than five people. Entrepreneurship surges due to pandemic, remote work, and economic challenges. President Biden's policies drive independent contractors, but 2023's decline in venture capital funding suggests a shift towards changing workplace dynamics and economic challenges.