Young British entrepreneurs more ambitious

Startup

Young British entrepreneurs are more confident and ambitious than older counterparts, at least according to the Albion Growth Report released by venture capital investor Albion Ventures.

Despite this, they are 5 times more likely to fail at raising finance, resulting in 25% reportedly using a credit card to finance their company. They are also more likely to admit to experiencing skill shortages than older entrepreneurs.

The Telegraph wrote (rather scathingly) that young entrepreneur high ambitions could mean they are delusional rather than talented.

Do you agree?