Entrepreneur/academic Vivek Wadhwa writes Can Entrepreneurs Be Made? Based on his research, the answer is a clear Yes.
His focus is on the lemming-like fallibility of investors. But don’t let that cloud the real news. It’s the confirmation of the American dream … and the Indian dream … and indeed the Global dream. You CAN start your own high-growth startup.
You don’t have to come from a family of entrepreneurs or have a personal history of starting your own businesses. But you do need to have a scalable idea, commit yourself fully for a few years, and be or become an expert in your field and business.
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Here are the first two paragraphs from the article.
Silicon Valley investors often have a picture in their heads of the type of person who is worthy of funding: young, brash, stubborn, and arrogant. They believe that successful entrepreneurs come from entrepreneurial families and that they start their entrepreneurial journey by selling lemonade while in grade school. Angel investor and entrepreneur, Jason Calacanis said as much in his recent talk to Penn State students. And after meeting Wharton students, VC Fred Wilson expressed shock when a professor told him that you could teach people to be entrepreneurs. Wilson wrote, “I’ve been working with entrepreneurs for almost 25 years now and it is ingrained in my mind that someone is either born an entrepreneur or is not.”
Jason, Fred, and Silicon Valley VCs, I’ve got news for you: you’ve got it all wrong. Entrepreneurs aren’t born, they’re made. And they aren’t anything like you think they are. My team surveyed 549 successful entrepreneurs. We found that the majority didn’t have entrepreneurial parents. They didn’t even have entrepreneurial aspirations while going to school. They simply got tired of working for others, had a great idea they wanted to commercialize, or woke up one day with an urgent desire to build wealth before they retired. So they took the big leap.