
Silicon Valley loves the story of the 20-something dropout who builds a billion-dollar company from a dorm room. It’s a great story. It’s also mostly wrong. A study published in 2020 in the American Economic Review, built on U.S. Census Bureau and IRS data covering 2.7 million business founders from 2007 to 2014, found that the fastest-growing new companies — the top 1 in 1,000…
