A brief but interesting article in Tech Crunch today by Vivek Wadhwa, entrepreneur and Visiting Scholar at UC-Berkeley that takes a look at the origin of entrepreneurs and attempts to dispel some commonly accepted myths perpetuated by the VC community.
Entrepreneurs aren’t born, they’re made. And they aren’t anything like you think they are. My team surveyed 549 successful entrepreneurs. We found that the majority didn’t have entrepreneurial parents. They didn’t even have entrepreneurial aspirations while going to school. They simply got tired of working for others, had a great idea they wanted to commercialize, or woke up one day with an urgent desire to build wealth before they retired. So they took the big leap.
It is clear from the research over the past decade that many of the assumptions regarding entrepreneurs, often perpetuated by the VC community and media are pretty flawed. Entrepreneurs are more likely to be older than right out of college, foreign born, and not in Silicon Valley.