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

Food Production: How SEW-EURODRIVE Drives Excellence

Feb. 18, 2025
Optimize food production with SEW-EURODRIVE’s hygienic, energy-efficient automation and drive solutions for precision, reliability, and sustainability.

Optimizing Agricultural Operations with SEW-EURODRIVE

Feb. 18, 2025
Boost efficiency with SEW-EURODRIVE's durable drive solutions for agriculture. Reliable, efficient, and tailored for you!

Ensure Safety with Explosion-Proof Pumps for Critical Applications

Feb. 10, 2025
For high-risk environments, reliability is paramount. Learn how KNF's explosion-proof pumps provide enhanced safety and performance in demanding OEM and process applications, ...

Revolutionizing Pump Efficiency with Advanced Drive Technology

Feb. 10, 2025
Discover how KNF’s innovative MI Motors are transforming pump intelligence and system integration. With enhanced efficiency and smarter control, this breakthrough technology optimizes...

Voice your opinion!

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