Genuine entrepreneurship is about developing experience in a technical domain and/or actually running a business. What the article calls "privileged risk taking" Danish researchers a few years ago called the "Veblenian Entrepreneur".[1]
Someone who doesn't build anything but consumes entrepreneurship as a hedonistic activity, like a socialite or influencer, cosplaying "being an entrepreneur" to hope for fame or connection and further money.
I think this is pretty real and accounts for the fact that you basically don't see any Gen Z business leaders or technologists when in the last two generations at the same age you had people like Brin, Page or Carmack. We've basically gone from real technical or academic work being translated into businesses to Discord NFT hustling. Something that looks more like Vegas than Caltech.
Startup used to be about sleeping in your weird uncles basement at 35 because you HAD TO, because you were hell bent on making something happen. These days it seems much more like enabling kids to go to the casino and spin the wheel.
That depends on whether or not you choose to accept VC funding or external investment, or take the alternative route of being a sustainable and debt-free concern owned entirely by its founders - with the downside that you won't be able to afford that Superbowl ad spot that your competitors use to win-over the market leaving you with a small, but loyal, customer-base.
