The 40 Year Old Virgin Entrepreneur
A new study from the Marion Kauffman
Foundation shows most more than 95% of entrepreneurs surveyed in the study had earned
bachelor’s degrees, and 47% had more advanced degrees. Besides being
well-educated, the median age of company founders in this sample when
they started their companies was 40 years old, while the majority were
married (69.9%) with at least one child (59.7%) as start-up founders.
Backgrounds of Entrepreneurs
The study found that 71.5% of respondents came from middle-class
backgrounds, while 21.8% said they came from upper-lower-class
families. Less than 1% have extremely rich or extremely poor
backgrounds.
Motivations of Business Owners
As for the primary motivation for starting their companies, the
entrepreneurs in the survey indicated overwhelmingly (74.8%) that they
desired to build wealth. Nearly as important to these
entrepreneurs with regards to starting up a business was “capitalizing
on a business idea,” as 68.1% of respondents selected this factor.
Other popular motivators include the appeal of a start-up culture; a
desire to own a company; and a lack of interest in working for someone
else.
Women and Men?
Interestingly, the study did not say the ratio of men and women entrepreneurs.
Please tell me what you think.
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