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Business today it's -- -- un staff first up we have every Carol with foxbusiness.com thanks for coming on every -- -- and -- you know it we were talking this week days.
You know he had a -- -- -- -- not to notice this.
A British teenager seventeen years old nick colosio.
-- this company it's basically an application he could read a lot of articles in simple -- and I -- Smartphone.
For an estimated thirty million dollars but she's gonna finish high school.
He wants to go to Oxford and who wants major -- he Agassi doesn't -- engineering anymore anyway he's working at Yahoo!.
In London and he's not the only one.
Who has such fortune yeah I mean I think them.
Some really interesting thing is that with neck and with Mark Zuckerberg.
You sort of get this sense that all the hot it's that hot shot tech entrepreneurs are teenagers but it's really not the case that happened foundation found that that.
Average age of first time tech entrepreneurs is really 39 years old throughout much much older than these teens were making -- day.
I spoke with one name's Brian -- -- -- isn't one he is a big one yeah.
He started this company called heat which -- IIPK I had -- and it basically provides rewards for reaching achievements me there.
I've gains on your Smartphone or let's say you running 99 miles in your tracking it -- an app you'll get a reward from a company.
And he's raised fifteen million dollars in venture funding.
He is now.
Twenty elite why we -- highlight that.
Millions of dollars being given in to the kid -- by adults.
Think that he has enough promise that they're gonna give away that much money to think deal and a -- out in -- -- But I think the thing to point that -- these kids don't seem like it they act like adults they present themselves like -- and that really is one trait that.
Runs through all of these tech entrepreneur what are some of the other traits they have to have something in common -- chart they all start -- this really young age.
Must -- teen entrepreneurs but I spent quite got -- start.
Really in the middle school of -- either topped themselves had occurred.
-- came up with this great idea and they just ran with it.
So it's not.
At seventeen your -- deciding -- launched an app.
These teens really get their start it's a natural curiosity and I happen to young intelligent.
Newton and -- run -- -- what do their parents days there trend or similarity among parents yes they're very supportive.
But hands up.
A -- I think it's it's very different from the tiger mom phenomenon you care about where parents are constantly pushing their team.
These -- parents who basically take their hands up and say you have a dream go pursue it.
And I'll let you fly.
I'm Brian for instance and the founder key.
He skipped four grades -- or graduated from college around the age of eighteen and then just move -- is San Francisco to start a job that day.
So it's it's pretty incredible how these parents just left their kids.
Real outlays Kelly see they see something than usual and their child yet and they've they've probably figure that.
They can't relate because it's such unique quality that me.
Supported and let their child do it years in my.
To -- teens teens tell you that.
-- They feel discriminated against because they're so young and the headline news -- teens in this.
When they probably LA okay get on young but I really in the business can I am an engineer -- enhancement bill.
You know the surprising thing is is that you entrepreneurs actually see their -- as an asset rather than something that's holding them -- One entrepreneur I spoke with -- -- -- in nineteen now he dropped out of Harvard after one year he launched his first app called flash card spots and high school.
And now he's working on a new.
Hardware company called -- controller which the Smartphone accessory and he thought that the tech industry actually discriminate against older people.
So he actually has that -- up because he's so young he's done.
That cutting edge of the industry -- and and the slightly older entrepreneurs 26 now shocked about it he started his company went at the age of fourteen.
These chairs that -- companies now sells.
It's expected -- 100 million dollars in office chairs that he -- and he said you know twelve years ago when he got his start.
There was more that has -- tense around.
Letting a fourteen year old -- -- that's the name and we saw this with Google the co founders at that time.
Very young obviously not teenagers but they -- -- -- an adult in the form of Eric Schmidt couldn't run the company as CEO.
Didn't say Justin has nationally the business there or experienced give it absolutely so that to a comment on -- -- I think that.
One of the biggest challenges for these entrepreneurs actually managing a team -- such -- young age.
Because they just haven't had that business experience Manhattan employees for -- -- when it comes actually managing that team.
It's a learning process for them.
-- real Carol thank you so much can check out your article on foxbusiness.com.
So we will be -- do that in big many times this segment before we go to break with your thoughts as always.
Behind every man is a good woman on -- map behind every good teen is anti --
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