Is startup culture a corruption?

I read a news article recently titled ‘Start-up culture is corrupting our youth, and killing real entrepreneurship’ by The Guardian. You can read it here: http://www.telegraph.co.uk/technology/11765609/Start-up-culture-is-corrupting-our-youth-and-killing-real-entrepreneurship.html

Coming from the startup world myself, I can agree that there is an element of delusions from some people in the startup community. However, the concept of it corrupting the youth is a bit mad.

One of two things will happen:

1. They will fail and learn it’s not that easy.
2. They will go on to be a success.

As The Guardian states, more than half of today’s youth would ideally want to start their own business. They’re inspired by entrepreneurs before them such as Richard Branson, Mark Zuckerberg and Bill Gates. They rush straight out of school or university with what they think is a great idea, without having any backbone behind it. A key lesson we should learn from this is if we want entrepreneurship and startups to thrive, why don’t our schools offer lessons in it?

I disagree that startup or entrepreneurialism is dead, in recent years alone there has been a boom in small businesses starting up. Yes, the notion of what a startup or entrepreneur is may have changed, but if we are comparing it to Richard Branson, he started out nearly 40 years ago. Times are modernising, and we have come a long way since the 1970’s.

This notion that a kid starts an app and then gets the £50m worth of investment that’s needed straight away is also somewhat naive. I think it’s natural that as the big companies get bigger, there is more need for small startups to provide more nimble and innovative technology.

We shouldn’t see startup culture as a corruption but more of a chance for future generations. Some of the greatest inventions and products come from young entrepreneurs, so why are we so quick to judge a culture that everyone may not be so clear on?

business-incubators-secret

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