Tuesday, February 27, 2007

Eminently social

Just finished reading an article in this month's Fast Company titled "The Myth About Creation Myths" (sorry, the link to the article is for paying members only). It discusses the misconceptions that callow entrepreneurs have about the iconic entrepreneurs of the 20th and early 21st century. Though we've all heard of the stories of two young brazen adults fresh out of college starting a company in a garage to see it grow to a corporate juggernaut this is an anomaly and certainly not the norm. Of interest for anyone that is thinking of starting up an idea is that a study of venture capital backed companies found that over 90% of these companies were based off of the founders previous experience. Though we all enjoy a good story of a company's genesis being born out of garage, that's all it is, a story to pique our interest. Companies are born inside other companies. Apple was started by two founders that had previous experiences working for Atari and HP. YouTube was started by expatriates of PayPal. The list goes on. Learn from the success of others that have walked down this path and get a job first!

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