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Education and TechEntrepreneurship
an assessment of U.s.-born techentrepreneUr demographics
Revealing new data about U.S.-born founders of technology andengineering companies
Following is a synopsis o a study that challenges the perception o American technologyentrepreneurs as being 20-something students rom elite universities. From a survey o652 U.S.-born chie executive ofcers rom 502 engineering and technology companiesestablished rom 1995 through 2005, this study reveals that today’s American techentrepreneurs are middle aged, well educated in business or technical disciplines, andhold degrees rom a wide assortment o universities. The study, published in May 2008,was unded by the Ewing Marion Kauman Foundation and conducted by researchers atHarvard University and Duke University.
Study highlights:
•
 The average and median age o U.S.-born tech ounders was thirty-nine when theystarted their companies. Twice as many were older than fty as were younger thantwenty-fve.
•
 The vast majority (92 percent) o ounders held bachelor’s degrees; 31 percent heldmaster’s degrees; and 10 percent had completed PhDs. Nearly hal o all thesedegrees were in science-, technology-, engineering-, and mathematics-relateddisciplines. One-third were in business, accounting, and fnance.
•
 U.S.-born tech ounders holding MBA degrees established companies morequickly (thirteen years) than others. Those with PhDs waited twenty-one years tostart companies; other master’s degree holders took 14.7 years; and those withbachelor’s degrees took 16.7 years.
•
 U.S.-born tech ounders holding computer science and inormation technologydegrees ounded companies sooner ater graduating than engineering degreeholders (14.3 years vs. 17.6 years). Applied science majors took the longest, attwenty years.
duca tio
and  Tech En trepreneurship
Ma y 2008
 Vivek  Wadh wa Richard FreemanBen Rissing
ewing marion KaUffman foUndation4801 rocKhill road, Kansas city, missoUri 64110tel: 816-932-1000 .ku.
Download this study:
 www.kauman.org/edtech
Search for these related studiesat
www.kauman.org
:
•
 The Kauman Firm Survey
•
 The Kauman Index o EntrepreneurialActivity
Contact:
 Barbara Pruitt816-932-1288bpruitt@kauman.org Kauman Foundation
.ku.
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