The image of the entrepreneur as whiz kid has serious currency in American business lore. But according to a new study from the Kauffman Foundation, a Kansas City think tank that studies entrepreneurship, that image is a myth.
For “The Anatomy of an Entrepreneur,” the foundation surveyed 549 company founders. Instead of a dorm-room genius, it found that the typical founder is middle-age — 40, on average — when launching a first company. Seventy percent of first-time founders are married; nearly 60% have at least one child.
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