Older Internet Entrepreneurs Rule
May 7, 2008
This post is based on a Wall Street Journal article dated 05/06/2008. The story goes onto to take a look at the true image of an Internet entrepreneur. Despite the success of a college dropout like Bill gates, this is not the true image of the Internet guru.
It is often seen that the Internet has been built around a bunch of 20 something college dropouts. However, the Kauffman Foundation recently altered this view. They surveyed some 600 or so entrepreneurs who started businesses over the decade from 1995 to 2005 and who has revenues that exceeded a million dollars.
There report concluded that the average age was 39 and that 24% where over 45. The report noted that only 8% didn’t earn a college degree. It also noted that almost 16 and a half years had passed between college graduation and when they started their business. Of this group only around 37% had college degrees.
Well, he haven’t made our millions, but our business training began when I was 52 and this business was launched when I was 53! We haven’t got there yet, but we have a written business plan that says that we will.
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