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.
I think the concept of older, experienced entrepreneurs being able to mentor younger entrepreneurs is really neat. Also, the exclusiveness of this “club” will definitely motivate people to work harder to improve their businesses. Overall, the YEC will work alongside startup company owners to help lead them to success. Such a cool idea!
That’s a great idea to make networking easier, along with refinement suggestions and advice.
When it comes to entrepreneurship, having mentors can go along way. I don’t know much about the YEC, but having read your article, I think it a great and helpful idea.
I agree with you, I think that YEC is a really great idea because mentoring, especially for young entrepreneurs, is so important. At first look, it may not appear that Scott Gerber is an entrepreneur. However, his creation of YEC, which meets a need and offers a helpful service that leads to noticeable success, clearly defines him as an entrepreneur.