Population Statistic: Read. React. Repeat.
Tuesday, August 18, 2021

Forest for the trees time: Despite all the buzz accorded to go-getting youngsters who launch million-dollar businesses out of their college dormrooms or their parents’ garage, a new study from the Kauffman Foundation reveals the average business entrepreneur to be a middle-aged office jockey, finally venturing out on his/her own.

“The commonly held belief that entrepreneurs are young college students working out of their dorms is simply wrong,” says study author Vivek Wadhwa of Duke University’s Center for Entrepreneurship and Research Commercialization. “People typically come to a stage where they’re tired of working for other people. They think, ‘I’m 40 and I haven’t made it big yet. This is my last chance.’ That really spurs the entrepreneurial spirit.”

Nice to know that, as I inch toward 40, my eligibility for striking it rich with a whiz-bang idea hasn’t lapsed. Of course, I’m not stuck in a cubicle either, so my office-gopher peers might yet have a leg up on me…

by Costa Tsiokos, Tue 08/18/2009 04:51:15 PM
Category: Business, Society
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