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"I am amazed at the response from the network. In two days I have received six responses from interested investors. I was somewhat sceptical before is put my business on AIN. But not now. The enquiries look very genuine and now it is up to me. I think this service is well worth a try for any entrepreneur looking for funds."
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The DNA of an entrepreneur

When people think of a typical entrepreneur these days, they probably have the image of a Mark Zuckerberg or a Larry Page - stereotypical 20-something guys who come out of Stanford or Harvard with Internet startups that became worldwide sensations.

Well, that stereotype is partially true, although the majority of entrepreneurs are actually 30-somethings, according to a new study by data scientists at LinkedIn.

The scientists at the professional social networking company sifted through the more than 120 million member profiles to find those who identified themselves as a founder or co-founder of a company created in the United States after 2000. They excluded small law, consulting and real estate firms, but still indexed more than 13,000 entrepreneurs.

What they found, according to chief data scientist Monica Rogati, was that the top entrepreneurial business schools were at Stanford and Harvard, followed by MIT Sloan and U.C. Berkeley's Haas. (While Google co-founder Page earned a masters in computer science at Stanford, Zuckerberg dropped out of Harvard after co-founding Facebook.)

"If that doesn't come as a surprise to you, take a look at the distribution of the founders' age at their first startup," Rogati wrote. "While young (and serial) entrepreneurs are often in the spotlight, our data shows that 65 percent of entrepreneurs are 30 and older - and only 2 percent are serial entrepreneurs."

Still, 34 percent were between ages 20 and 29 when they founded their startups.

The scientists also looked at college majors, although Rogati notes "the value of a formal education for startup founders is a hotly debated subject."

"Technical majors (except civil engineering) are over-represented among founders," she said. "Nursing and administration are under-represented. While computer engineers find it easier to start companies in their areas of expertise, civil engineers and nurses need more infrastructure support."

And she said certain companies are "breeding ground grounds for entrepreneurs," including Adobe Systems, Apple Inc., eBay, Paypal, Electronic Arts, Google, Microsoft, SGI and Yahoo.



Source: sfgate.com << Back

Author: Benny Evangelista




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