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Entrepreneurship Is Contagious. That Means the Poor Need to Meet Gazelles

Entrepreneurship Is Contagious. That Means the Poor Need to Meet Gazelles
Photograph by Christopher Scott

There’s been a lot of academic research highlighting the differences between two types of entrepreneurs: those building so-called gazelles, or fast-growth companies that lead to thousands of jobs, and those running smaller, local businesses who often seek simply to earn a living.

Another big difference between the two types of entrepreneurs: People who make less than $25,000 and those who make between $100,000 and $149,999 were both more likely to know an entrepreneur than respondents in other income brackets. Those in the higher income bracket were almost twice as likely to know a “growth entrepreneur” than the poorest survey-takers. That’s according to survey results published today (pdf) by the Kauffman Foundation.