As we were bicycling today Dorothy and I listened for the second time to Carl Schramm’s lecture at the Stanford STVP seminar 2007-08-06. This is one of the very best of the superior Stanford series. For motivation, here are paraphrased samples of some key points:
1. The probability is that 70% of US college students today will start a business before they retire.
2. Government statistics suggest that those of you who graduate from Stanford at the age of 22 will hold 4 jobs before the age of 30.
3. Over the half the US jobs created in 2007 are in firms less than 5 years old.
My view is this is the American economy operating at a completely different speed than other countries — because of the change from industrial to entrepreneurial capitalism.
Do you know how valuable you’ll be to your employer at age 30 — having worked in different industries with different responsibilities? For one thing, there is a good chance that you yourself will have been on of your employers!
We highly recommend subscribing via iTunes to the STVP seminar podcasts.