RG

IN CONTEXT

FOCUS

Business start-ups

KEY DATES

18th century The term “entrepreneur” is used to describe someone who is willing to risk buying at certain prices and selling at uncertain prices.

1946 Professor Arthur Cole writes An Approach to Entrepreneurship, sparking interest in the phenomenon.

2005 The micro-finance, nonprofit site Kiva.com launches to make small loans to very small businesses.

2009 Crowdfunding websites, such as Kickstarter.com, allow individuals to provide funding for businesses.

2013 A study by Ross Levine and Yona Rubinstein finds that as teenagers, many successful entrepreneurs exhibited aggressive behavior, broke the rules, and ...

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