Final answer:
The statement that young people must wait until they are older to become entrepreneurs is false. Success in entrepreneurship is not limited by age, as indicated by the existence of young entrepreneurs with significant net worth. The concept of the 'Boomerang Generation' reflects challenges in the job market, not entrepreneurial potential.
Step-by-step explanation:
False. There is no evidence provided by Keith J. Davis, Jr. or any other sources mentioned that dictates young people must wait until they are older to become entrepreneurs. In fact, the information given points to the existence of successful young entrepreneurs with a net worth of over one million dollars, whose ages range from 17 to 30. This indicates that youth is not a barrier to entrepreneurship. Moreover, the different passages illustrate the risks associated with any young startup firm, highlighting the importance of the founders investing in their own venture to show belief in its prospects, and the role of angel investors and venture capitalists in supporting these businesses despite the risks and imperfect information.
References to the Boomerang Generation, as described by the New York Times, suggest that the economic climate has led many young people to delay traditional markers of adulthood. However, this is a separate issue from the capacity to become an entrepreneur at a young age.