Start-Ups Aren't Cool Anymore
A lack of personal savings, competition from abroad, and the threat of another economic downturn make it harder for Millennials to thrive as entrepreneurs.
At happy hours and class breaks, at the part-time MBA program I attend through the University of Texas at Austin, the conversation often drifts toward new business ideas. A mobile app to schedule text messages in the future. (Use case: Compose your best friend’s happy birthday text the day before.) A social network that doesn’t sell your personal information or display any ads. (Business model innovation: monthly subscription fee.) A winery in a surprisingly temperate, beautiful, and affordable region of central Oklahoma. A friend of mine was once so inspired by his own start-up concept that he pulled out his phone, checked the availability of his preferred URL, and
