most tech entrepreneurs aren't kids

May 2, 2008
A while back I wrote an editorial wherein I quoted Duke University's Vivek Wadhwa about the role of foreign PhD's in U.S. innovation. Wadhwa recently coauthored a report about the character of U.S.-born tech entrepreneurs. What he found was that they ...

A while back I wrote an editorial wherein I quoted Duke University's Vivek Wadhwa about the role of foreign PhD's in U.S. innovation. Wadhwa recently coauthored a report about the character of U.S.-born tech entrepreneurs.

What he found was that they had an average age of 39 and were likely to come from Ivy league schools. But their definition of a tech startup is important. The report authors talked to 652 U.S.-born chief executive officers and heads of product development in 502 engineering and technology companies established from 1995 through 2005. The companies have more than $1 million in sales, twenty or more employees, and company branches with fifty or more employees.

In other words, they only talked to startups that by any definition were overwhelming success stories. Companies started up in the same period that could be considered successful but not overwhelmingly so never got interviewed. And, of course, startups that got acquired by somebody else aren't in the data, nor are those that went belly up. So the best you can say is that the report authors now have data on super-visible tech startups by US-born tech entropreneurs. That's better than nothing.

Here's a link to the report:

http://www.kauffman.org/pdf/Education_Tech_Ent_042908.pdf

About the Author

Lee Teschler | Editor

Leland was Editor-in-Chief of Machine Design. He has 34 years of Service and holds a B.S. Engineering from the University of Michigan, a B.S. Electrical Engineering from the University of Michigan;, and a MBA from Cleveland State University. Prior to joining Penton, Lee worked as a Communications design engineer for the U.S. Government.

Sponsored Recommendations

Sept. 16, 2025
From robotic arms to high-speed conveyors, accuracy matters. Discover how encoders transform motor control by turning motion into real-time datadelivering tighter speed control...
Sept. 16, 2025
Keep high-torque gearboxes running efficiently with external lubrication and cooling systems delivered fast. Flexible configurations, sensor-ready monitoring, and stocked options...
Sept. 16, 2025
Now assembled in the U.S., compact P2.e planetary gear units combine maximum torque, thermal efficiency, and flexible configurations for heavy-duty applicationsavailable faster...
Sept. 16, 2025
Safety in automation goes beyond fences and emergency stops. Learn how functional safety actively monitors and controls motiondelivering smarter protection, greater flexibility...

Voice your opinion!

To join the conversation, and become an exclusive member of Machine Design, create an account today!