Myths about entrepreneurs 15 years ago
Another major flaw in the presentation of this data has to do with the base rate fallacy. For example,
"founders of tech companies tend to be highly educated."
Observing that the majority of successful founders have college degrees tells you nothing about the effect of not having a college degree. If 1% of students drop out, 99% do not drop out, and of the founders from the 1%, 80% are successful and from the 99%, 20% are successful, we would still see the vast majority of successful companies coming from non-dropouts.
A very poor analysis published by a man with a pro-education agenda.