From India-West
New Study Debunks Myths About Entrepreneurs in U.S.
By Richard Springer
A new study has found that entrepreneurs in the U.S. are typically well-educated, come from middle-class or upper lower-class backgrounds and are significantly more likely to be married and have children when they launch their first businesses.
They also are better educated overall than their parents and performed well in high school and college, according to the new report, “Anatomy of an Entrepreneur.”
Study co-author Vivek Wadhwa, associate director of the Center for Entrepreneurship and Research Commercialization at Duke University, pointed out that the report deflates some myths about entrepreneurs....
“You don’t have to be the graduate of an elite college or a superstar. Anyone can achieve success,” Wadhwa, currently a visiting scholar at the University of California at Berkeley [School of Information], told India-West. “Most entrepreneurs come from middle-class families. Just like most Indians in the U.S., they start companies because they want to break out on their own and achieve financial success.”...