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Responsive Entrepreneurs are Younger and More Skilled

Stanford’s Shai Bernstein, Chicago Booth’s Emanuele Colonnelli, the International Monetary Fund’s Davide Malacrino, and University of Colorado’s Tim McQuade find that the kind of entrepreneurs who start companies when presented with the opportunity tend to be younger and more skilled than the typical new business owners.

These kinds of entrepreneurs are called ‘responsive entrepreneurs’. They tend to start up a business in a short amount of time to address a certain demand that has recently gained traction. These responsive entrepreneurs are quite unlike entrepreneurs who plan the launch of their business over the span of years.

Responsive entrepreneurs tend to be younger and more skilled than the typical entrepreneur and might be an asset in sustaining and prolonging growing economies.

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