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> We’re in an era of the cult of the entrepreneur. We analyze the Tory Burches and Evan Spiegels of the world looking for a magic formula or set of personality
by vonklaus 11y ago
> We’re in an era of the cult of the entrepreneur. We analyze the Tory Burches and Evan Spiegels of the world looking for a magic formula or set of personality traits that lead to success.
No, pop mags like Quartz do. Some entrepreneurs go to trade school and are electricians, deli owners and carpenters. Something like 7%[0] of Americans are self-employed, difficult to believe that many people come from massive wealth.
[0]http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=2%2F6%2F2014&id=pr802&ed=12%2F31%2F2014 http://www.careerbuilder.com/share/aboutus/pressreleasesdeta...
- juliangregorian 11y agoThat number is mostly freelancers and contractors, not "entrepreneurs" in the traditional sense and certainly not the types that are eligible for million-dollar exits.
- notacoward 11y agoIt's not necessarily about massive wealth. One theory I've heard is that entrepreneurs tend to come from the second wealth tier, not the first. They have resources and fallbacks, but also a strong work ethic and something to strive for. The already rich are less likely to have that particular combination. There are certainly enough people in that "not so massively wealthy" group to support a 7% self-employment rate.