Having been a student of the guy behind 140 Varick st and re-vitalization of Silicon Alley, I am glad that we start teaching the new generation what it means to be an entrepreneur.
Most kids today are going to college for a paper degree that will get them in the corporate world and provide layers and layers of management cushion one on top of another. Although boring, political and unfulfilling these jobs are not really demanding.
Most people who go through the start-up experience (successful or not) and wear many hats come out of it with invaluable experience and make better owners/employees/consultants :)
Seeing this made my day.