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It may sound like a contradiction to say that the new Gen Y entrepreneurs have learned a lot, but it's because many of the lessons they've learned have come from watching others - especially other entrepreneurs. They're also more collaborative, unafraid to approach other business owners for partnerships, advice, or ideas. "A lot of them are taking the technology that they've grown up with and applying it to older industries to create greater speed and efficiencies - and to compete more effectively against the established players."
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