In this study, we explore the education backgrounds of U.S.-born
technology and engineering company founders. Despite common
stereotypes characterizing these individuals as young college
dropouts, we found them to be middle-aged, well-educated and hold
degrees from a wide assortment of universities.
In fact, twice as many U.S.-born tech entrepreneurs start ventures
in their 50s as do those in their early 20s. U.S.-born engineering
and tech company founders are overwhelmingly well-educated. While
there are significant differences in the types of degrees these
entrepreneurs obtain and the time they take to start a company
after they graduate. Further, elite, highly ranked schools are
over-represented in the ranks of these founders, and Ivy-League
graduates achieve the greatest business success; however, 92
percent of U.S.-born founders graduate from other universities. |