The Young Entrepreneur Council was founded by Scott Gerber to help those young individuals who are interested in starting up their own business. This company is an invite only group that allows those entrepreneurs who apply and make it in, to have the opportunity to make their business idea a reality. By making it into the YEC group you have the opportunity to receive money to start up your company, and you also can get some help and advice from various trained and experienced entrepreneurs. Getting into this group has become more and more difficult as it has grown and gained prestige. In this companies first four years, a large amount of leading young entrepreneurs have come through YEC’s doors including the founders of Mint.com, 2U and Klout, which today are very successful companies.
I find this company, and the idea behind it, to be awesome because it allows new young entrepreneurs an outlet for asking questions and learning from older, and more experienced, entrepreneurs. Also, it gives young entrepreneurs the opportunity to really get their new business started through generous amounts of started-up money that is offered to those people who make it into this “club”. I think that Scott Gerber came up with a great idea that might push people to make themselves and their business better in order to make it into this “exclusive” club.