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Entrepreneurship heralds a return of the roaring 20s

When venture capitalist Jim Breyer courted Chief Executive Mark Zuckerberg last year to make an investment in his startup, he couldn’t buy Zuckerberg a drink because he hadn’t turned 21.

"I had a glass of pinot noir, and he had a Sprite," Breyer says.

But Breyer, of Accel Partners, still managed to beat out a rival offer from Don Graham, chief executive of The Washington Post Co. And his company pumped $12 million into Zuckerberg’s Palo Alto, Calif.-based Facebook, a social-networking site for students.

Zuckerberg’s fundraising, and the little bidding war he enjoyed, is mirrored by scores of other twentysomething entrepreneurs in Silicon Valley. The youthful founders are thriving in their efforts amid a swing by venture capitalists in favor of young talent. Silicon Valley is hopping with novice CEOs.

By Matt Marshall

Knight Ridder Newspapers

Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2002816685_youngentrepreneurs20.html

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