Raised on Internet and social media, the people born after 1980 are experiencing a boom as entrepreneurs, reports Tampa Bay Online.

When it comes to networking and social media, young entrepreneurs have the edge, said Stephen Budd of the University of South Florida Center for Entrepreneurship.

“Some of the key factors for millennials are that they are very smart multi-taskers, who know technology, and see emerging opportunities – and have the energy and time to turn their ideas into great opportunities,” Budd said.

A youth entrepreneurship study conducted by Buzz Marketing Group in partnership with the Young Entrepreneur Council found that 79 percent of respondents are interested in entrepreneurship, and 27 percent already are self-employed.

Not content to sit back and wait for the economy to rally, many millennials are turning to social media — and each other — to create their own micro-economy, of sorts.

Photo by David Goehring