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I launched a literary magazine in college. I actually thought that was a good idea. After a few too many 16-hour days of hustling ads and desperately scrounging for content, my grades tanked and my blood pressure skyrocketed. I learned that special kind of panic that comes from trying to execute on the inflated ambitions of a 20-year-old. The process consumed everything. (For the record, I regret nothing.)

My point is: The university setting is great for being entrepreneurial. But it takes organization and drive to hold it all together — something I realized I didn't have. At least some of these young founders do.