Millennial entrepreneurs driven by purpose as much as profits [CNBC]

Although a recent SBA study (click here to download) reports that entrepreneurship among Gen Y is lower than for prior generations, those millennials who do start businesses are bent on making huge impacts.

“This generation is definitely not focused on money,” said Maneesh Sagar, venture capitalist, founder of start-up incubator Thynk Different and a longtime instructor/mentor to entrepreneurs at the Columbia Business School. “They're very purpose-driven.

“Millennials tend to be a little more self-aware, more confident and less about keeping up with the Joneses,” he said.

It's how they were raised.

“They've grown up in an environment where they can focus on self-actualization, with parents telling them they can be whatever they want to be,” Sagar said.

Curated from MSNBC

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