The Millennial (born 1982-2004) has recieved the guidance and support of older generations (Boomer (born 1943-1960) in particular) throughout their youth. It started with the “Baby on Board” stickers in Volvos everywhere in the early 80’s. It continued with Soccer Moms and loads of after-school activities. They have been coached, guided and supported in ways that are really unique to their generation.
The Y Combinator group is a great example of the next step. They guide would-be entrepreneurs through a boot camp that ends in presentations to VC’s that are eager to invest. Compare this with the experience of most Boomer and Generation X (born 1961-1981) entrepreneurs who had to fight it out on their own. Other than paying huge sum of cash to get an MBA there wasn’t really any way to get support for creating an online venture until recently. I realize that its just part of the generational cycle that means that Millennials will be given every chance to succeed in reaching their goals. I suppose I could be bitter about it but I can’t really picture myself (or many of my fellow X’ers) really wanting to go through the Y Combinator Boot Camp: