Tuesday, March 7th, 2017

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YOUNG MONEY articles, books, resources, advice for college students and young entrepreneurs – starting a business, business plans, business ideas for young entrepreneurs.

Startups Receive Funding from Angels, Family and Friends: Survey

Startup companies overwhelmingly receive their first round of funding from angel investors, friends and family members, a survey of startup CEOs by law firm Dorsey & Whitney shows. The firm polled 363 CEOs and found that angel investors were the most-commonly-relied-on funding source. Fifty-nine percent of the executives reported having received funding from an individual […]

U.S. Residents More Likely to See Themselves as Entrepreneurs: Gallup

Americans are more likely to say they have qualities typical of entrepreneurs, polling company Gallup reports October 12. According to the company, U.S. residents are more likely than those in the European Union or China to perceive themselves as competitive, confident risk takers. Eighty-two percent of the 1,000 Americans Gallup polled last December say they […]

Steve Jobs Is Teens’ Favorite Entrepreneur

Steve Jobs was the top-ranked entrepreneur in a poll of teenagers conducted by Junior Achievement. The economic-education program reports that Jobs received the most admiration in a survey of 1,000 young people. Twenty-three percent of survey respondents said Jobs – who founded Apple in 1986 and returned to the company in 1997, helping to create […]

RIT Receives $5 Million Gift from Entrepreneur

E. Philip Saunders, the founder of truck-stop company TravelCenters of America, is giving $5 million to the Rochester Institute of Technology – and he's challenging others close to RIT to give, too. The $5 million gift is contingent on RIT raising $15 million from other sources in the next six years. As the university comes […]

Marvell Electronics Co-Founder Picked as Entrepreneur of the Year

The Hua Yuan Science and Technology Association, a Chinese professional group, announced this week that it had selected Weili Dai, the founder of chip company Marvell Electronics, as its 2010 entrepreneur of the year. Dai, who is the only woman to have co-founded a large, publicly traded semiconductor firm, said the award was a great […]

RPI Names Entrepreneur of the Year

Rensselaer Polytechnic Institute has named Jacqueline Novogratz its 2010 entrepreneur of the year. Novogratz, the founder of the social venture-focused Acumen Fund, is being given the award, named in honor of 1953 RPI alumnus William F. Glaser, at a ceremony in December. Gina O'Connor, the director of the university's Severino Center for Technological Entrepreneurship, said […]

Lawyer Starts Mobile Cupcake Shop

Kate Carrara had a high-paying job as a lawyer in Philadelphia – a position she said was "insanely boring." So she quit the corporate life to start a mobile cupcake store, and she hasn't looked back. Carrara said in a recent interview with Kiplinger's Personal Finance that the enterprise cost about $50,000 to get off […]

Kauffman Foundation Funds Entrepreneurship Education

The Ewing Marion Kauffman Foundation, a nonprofit group dedicated to promoting and supporting entrepreneurial initiatives, is providing a grant to a Seattle-based group devoted to immersive entrepreneurship education. Startup Weekend, as the group is known, operates 54-hour entrepreneurship "boot camps" that aim to teach budding entrepreneurs everything they need to know about getting a company […]

Small Businesses Can Benefit from Just-Enacted Aid Act

The Small Business Jobs Act could be a game-changer for struggling small firms, a lending executive said recently. George Harrop is the managing director of small-business lending at CapitalSource, a retail bank and commercial lender. He suggests that the act – which was signed into law on Monday – can help provide financing to small […]

Entrepreneurship Institute at University of Michigan Launches Venture Fund

The University of Michigan's Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies is formally kicking off its Social Venture Fund this week. The fund's purpose is to provide capital to "double-bottom-line" businesses in Detroit and southeast Michigan. Firms involved in education, healthcare, environment, finance, nutrition and urban revitalization will be the fund's primary […]