Older Internet Entrepreneurs Rule!
April 19, 2009
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Older Internet Entrepreneurs Rule!
This post is based on a Wall Street Journal article dated 05/06/2008.
The story goes on 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 have revenues that exceeded a million dollars.
Their report concluded that the average age was 39 and that 24% where over 45. The report noted that only 8% did not earn a college degree. It also noted that almost sixteen and a half years had passed between college graduation and when they started their internet business.
Well, we haven’t made our millions, but our business training began when I was 52 and this business was launched when I was 53! We may not have gotten there yet, but we have a written business plan and a drive to succeed that says that we will.
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