A 24-year-old made $345,000 by beating Kickstarters to market:

“You can talk to economists that are 60-years-old and they’ll tell you, ‘Oh, yeah, if you open up a business you should aim to be profitable within 18 months,” says Jack. ‘None of that is relevant anymore. You can be profitable within four days.”

*The Internet enables ideas and dreams to take hold. Competition, no holds barred, can come from anywhere.