Generation-Y Most Likely To Launch Start-Ups

Generation-Y Most Likely To Launch Start-Ups
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The director of the Center for Entrepreneurship at Belmont University, Jeff Cornwall said, “Generation Y is the most entrepreneurial generation ever. Parents raised their children to be independent. This generation feels a general sense of distrust for large organizations and government.”

According to the 2012 Kauffman Foundation report, the largest entrepreneurial foundation in the United States, about 29% of entrepreneurs are between the ages of 20-34. Also, roughly 160,000 start-ups a month were led by Generation-Yers in the year 2011.

“The best way to become a successful entrepreneur is to find ways to expose yourself to the lifestyle before you do it. Intern or apprentice at a small start-up,” said Nick Seguin, the foundation’s manager.

Cromwell shared very similar advice: “Find a mentor, someone with experience to learn from.”

James Gilbert | Elite. 

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James Gilbert

World news writer James Gilbert is one of the oldest on the Elite Daily writing staff, as he is a borderline Gen Y member. Being considered the dinosaur of the group, he is constantly asked about historical time periods he did not actually live through. All and all, James Gilbert brings that dynamic and balance to the team, rounding out Elite Daily’s Voltron (or that thing the Power Rangers formed for you young whippersnappers.)

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