Michael, solving the world problems is not where the most venture capital or investments of Forbes 100 companies go to. Its kind of sad when we think of this deeply, but this has been the case for quite a while.
We have turned our attention to simpler problems like faster internet, taking photos of every street & like wise.
Reportedly D'Aloisio didn't write Summly or develop the underlying algorithm, and yet he got rich selling the company. I'm not sure whether to be appalled by that, or impressed that he was able to do what entrepreneurs do -- make deals.
I think that it is difficult for Gen Y to find success at Fortune 500 companies. There is too much bureacracy, there are too many rules. These types of things make it really difficult to take risks and innovate. I applaud Yahoo for what they are trying to do, but they are going to need to obtain many Gen Y employees to succeed, and the harsh reality is that they cannot pay them all $30 million.
Not many of the companies you mentioned are those of what I like to call substance-producing, those that actually make something. I am much more impressed with those in that age group that are solving the world's problems.
While of course there are the notable successes of Y Gen folks getting rich and famous, there are a million other who don't rise to the top.
It would seem the characteristics of the younger entrepreneurs might have something to do with the "success" we read about. But I'm not so sure. The odds are a very small percentage of creative people will find a niche and become well known for their innovation and richly rewarded. But, the odds are overwhelmingly against that happening. For businesses it's great to encourage young folks to experiment and lure in those that seem to have promise. But I doubt it's as simple as that.
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