Great piece in the WSJ Report yesterday based on Ewing Marion Kauffman Foundation research. Characteristics of an entrepreneur:
- Average and median age 40.
- 95.1% have bachelor’s degrees or higher.
- 47% have advanced degrees.
- Less than 1% came from extremely poor or extremely rich backgrounds (no definitions supplied).
- 70% used their own savings as main source of funding.
- 42.5% were first born.
- 3.1 average siblings.
- 51.9% first in family to start a business.
- 69.9% were married when they launched first business.
- 59.7% had at least one child.
- 73% think luck is an important factor in the success of the venture.
