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Are Millennials More Entrepreneurial Than Previous Generations?



The relationship between millennials and the concept of “entrepreneurship” is nuanced and complex.

Millennials clearly value entrepreneurship, and 67% of this group says that their goals involve eventually starting a business. Statistics show that millennials are always “on”, motivated to make a difference, and consider flexible hours to be a key to boosting productivity.

Unfortunately, millennials do not necessarily walk the walk – yet, anyways.

In 2014, only 2% of millennials in the U.S. were self-employed, compared to 7.6% and 8.3% for Gen X and Boomers respectively. This is partly understandable, since millennials are younger and less financially established. However, the situation is worse than one would think. For example, most millennials have less than $1,000 in savings, and many have paralyzing amounts of student debt, rising debt delinquencies, stagnating household income, and a fear of failure.

Are Millennials More Entrepreneurial Than Past Generations?

Today’s infographic from Online MBA Page shows statistics on entrepreneurship for America’s most interesting generation.

Are Millennials More Entrepreneurial Than Past Generations?

It appears that a confluence of factors is set to eventually make millennials the most entrepreneurial generation ever.

The proliferation of technology, the growth in available private startup capital, and the millennial mindset are all things that should help enable a shift to entrepreneurship. All millennials have to do is take advantage of the circumstances around them.

The challenge? Between 2004 and 2014, the average balance size held by student debt borrowers increased 77%, while the amount of student borrowers increased 89%. Meanwhile, home ownership for people aged 25-34 has decreased 10% from 2004-2015, and more Americans aged 25-34 say that “fear of failure” is preventing them from owning their own businesses.

In other words, the financial headwinds that millennials are facing are real. Understandably, it’s difficult to take on the risk of starting a business when living paycheck to paycheck, or when an ugly student loan is sitting on the personal balance sheet.

With a questionable macroeconomic outlook and central banks painted into a corner, it’s hard to see how this situation will be resolved anytime soon. If and when it does, look for many of the previously “reluctant” millennials to take advantage and finally hand in resignations to their current career tracks.

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Ranked: Semiconductor Companies by Industry Revenue Share

Nvidia is coming for Intel’s crown. Samsung is losing ground. AI is transforming the space. We break down revenue for semiconductor companies.



A cropped pie chart showing the biggest semiconductor companies by the percentage share of the industry’s revenues in 2023.

Semiconductor Companies by Industry Revenue Share

This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.

Did you know that some computer chips are now retailing for the price of a new BMW?

As computers invade nearly every sphere of life, so too have the chips that power them, raising the revenues of the businesses dedicated to designing them.

But how did various chipmakers measure against each other last year?

We rank the biggest semiconductor companies by their percentage share of the industry’s revenues in 2023, using data from Omdia research.

Which Chip Company Made the Most Money in 2023?

Market leader and industry-defining veteran Intel still holds the crown for the most revenue in the sector, crossing $50 billion in 2023, or 10% of the broader industry’s topline.

All is not well at Intel, however, with the company’s stock price down over 20% year-to-date after it revealed billion-dollar losses in its foundry business.

RankCompany2023 Revenue% of Industry Revenue
6SK Hynix$24B4.4%
9Infineon Tech$17B3.2%
11Texas Instruments$17B3.1%
12Micron Technology$16B2.9%
15Analog Devices$12B2.2%
16Renesas Electronics
17Sony Semiconductor
Solutions Corporation
18Microchip Technology$8B1.5%
20KIOXIA Corporation$7B1.3%
N/ATotal $545B100%

Note: Figures are rounded. Totals and percentages may not sum to 100.


Meanwhile, Nvidia is very close to overtaking Intel, after declaring $49 billion of topline revenue for 2023. This is more than double its 2022 revenue ($21 billion), increasing its share of industry revenues to 9%.

Nvidia’s meteoric rise has gotten a huge thumbs-up from investors. It became a trillion dollar stock last year, and broke the single-day gain record for market capitalization this year.

Other chipmakers haven’t been as successful. Out of the top 20 semiconductor companies by revenue, 12 did not match their 2022 revenues, including big names like Intel, Samsung, and AMD.

The Many Different Types of Chipmakers

All of these companies may belong to the same industry, but they don’t focus on the same niche.

According to Investopedia, there are four major types of chips, depending on their functionality: microprocessors, memory chips, standard chips, and complex systems on a chip.

Nvidia’s core business was once GPUs for computers (graphics processing units), but in recent years this has drastically shifted towards microprocessors for analytics and AI.

These specialized chips seem to be where the majority of growth is occurring within the sector. For example, companies that are largely in the memory segment—Samsung, SK Hynix, and Micron Technology—saw peak revenues in the mid-2010s.


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