The myth of the twenty-something entrepreneur

This article in readwrite confirms something I have suspected for a long time: that most successful entrepreneurs are not twenty-three and worth a billion dollars. In fact, according to the article, "...twice as many successful entrepreneurs are over 50 as under 25. A whopping 75% have more than six years of industry experience and 50% have more than 10 years when they create their startup."

And get this datum: "...the highest rate of entrepreneurship in America has shifted to the 55–64 age group, with people over 55 almost twice as likely to found successful companies than those between 20 and 34. Indeed, Kauffman highlights that the 20-34 age bracket has the lowest rate of entrepreneurial activity."

What does this mean for broadband? I see a lot of communities trying to leverage broadband with an economic development strategy of trying to attract twenty-something entrepreneurs. And it turns out, according to the data above, that this is not likely to turn out well.