Entrepreneurs are likely to be privileged white males who smoked pot

A lot of cash and a dash of rebelliousness go a long way

Mark Zuckerberg
(Image credit: Justin Sullivan/Getty Images)

It turns out the rags-to-riches story of the American entrepreneur might be the exception, not the rule, according to a new study.

The paper, published by the National Bureau of Economic Research, looks at self-employed entrepreneurs who had formed incorporated LLCs, which are partnerships a step below a formal business.

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Keith Wagstaff is a staff writer at TheWeek.com covering politics and current events. He has previously written for such publications as TIME, Details, VICE, and the Village Voice.