Showing posts with label Santa Clara Magazine. Show all posts
Showing posts with label Santa Clara Magazine. Show all posts

Friday, December 12, 2008

Michael Malone in the Santa Clara Magazine

My alma mater's publication, the Santa Clara Magazine, continues to impress. This month's issue had a great essay by Michael Malone, who believes America's future depends on its continued willingness to encourage entrepreneurs:

http://www.scu.edu/scm/winter2008/entrepreneurs.cfm

Half of all new college graduates now believe that self-employment is more secure than a full-time job. Eighty percent of the colleges and universities in the United States now offer courses on entrepreneurship. Sixty percent of Gen Y business owners consider themselves to be serial entrepreneurs. And, most tellingly, 18- to 24-year-olds are now starting companies at a faster rate than 35- to 44-year-olds.

Don’t think that the rest of Generation Y is still dreaming of a gold watch: 70 percent of today’s high schoolers intend to start their own companies.

It looks like the new college grads aren't buying into the seniority paradigm. That's what I like about Santa Clara County--with all the new people here from so many different places, corporate seniority is less respected. Results, not tenure, are what count, which is the way a meritocracy ought to work.

Of course, I had to pick the one profession, law, where seniority does count. Sigh.