I believe that more high-schoolers than before will evaluate an alternate option to college. It is these folks who will add strength to the startup numbers. The people who decide to get into college and pickup big debts have already made a decision of not wanting to do startups. Additionally,this debt seems insurmountable in the current scenario, but as things change loan financiers will factor in such changes and perhaps even build in options for doing a startup or allow for repayment to start much later than it currently does.
While Paul focuses on web based startups, I think this phenomenon will apply to more areas as technology enables individuals to create their own niche. This is already true for some sports and certain types of businesses.
Like you correctly mentioned, the debt problem is more pronounced for Americans and some other nationalities, most developing nations do not have this problem and their entrepreneurs will start startups especially in developed and lucrative markets such as the US. This inturn will force the US mechanism to adapt. This effect of globalization has already had effects in many other industries.
While Paul focuses on web based startups, I think this phenomenon will apply to more areas as technology enables individuals to create their own niche. This is already true for some sports and certain types of businesses.
Like you correctly mentioned, the debt problem is more pronounced for Americans and some other nationalities, most developing nations do not have this problem and their entrepreneurs will start startups especially in developed and lucrative markets such as the US. This inturn will force the US mechanism to adapt. This effect of globalization has already had effects in many other industries.