Jun 23, 2017 - Packaged organic food may need government stamp

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from TradeBriefs FMCG Weekly

Sree Vijaykumar

From the Editor's Desk
One time in the course of my research on high-tech entrepreneurship, I asked a very successful venture capitalist what it took to be successful at high-tech startups. He stared right back at me and blurted out: "About the same thing it takes to be a successful drug dealer." A new study in The Quarterly Journal of Economics entitled "Smart and Illicit: Who Becomes an Entrepreneur and Do They Make More?" by Ross Levine of the University of California Berkeley and Yona Rubenstein at the London School of Economics takes a detailed look at whether risk-taking young rule-breakers are more likely to grow up to become entrepreneurs. The answer is yes: People who have gone on to found or own their own incorporated businesses were more likely to have engaged in cutting classes, vandalism, shoplifting, gambling, assault, and using alcohol and marijuana. They were also more likely to have higher levels of education, score higher on aptitude tests, and have higher levels of self-esteem. More here.

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