I've been an entrepreneur a long time and my take is:

1. Not a myth! Apple, Microsoft, Yahoo, Google, Facebook, Foursquare, ... There are counterexamples but certainly plenty of young ones. I'm 40+ now so no bias. :-) 2. Correct, myth. I could teach you to be an entrepreneur if you wanted to be one. 3. Myth 4. Myth. Gilt Groupe a good example. 5. Myth