Thursday, February 23, 2006

A Garage and an Idea: What More Does an Entrepreneur Need?

Pino G. Audia and Christopher I. Rider , CA Management Review, Fall 2005

There exists a common belief that entrepreneurs commonly start businesses in garages (or basements or dorm rooms or kitchens). The garage entrepreneur is a highly popular contemporary legend, but not quite accurate.
Although the belief of the garage entrepreneur contributes to the preservation of the American ideals of opportunity and upward social mobility, it offers misleading insights to would-be entrepreneurs because it suggests an undersocialized view of the entrepreneurial process.
Snippet from Paul Kedrosky at Infectious Greed

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