The trio then recruited a handful of classmates to help run the business. Sure, Rainbow Technologies, which plans to sell ads on an Internet site so its founders can underwrite their dreams of building electronic gadgets, hasn't landed any start-up capital or manufactured any products. We're just kids. Forget mowing lawns, baby-sitting or setting up a lemonade stand. Silicon Valley's start-up culture has forever changed the way kids try to make pocket money.
Kids are so bathed in bits that they think it's all part of the natural landscape.
D.C. Kindergartners are picking up business skills trading baseball cards and Beanie Babies. Teens are going away to business boot camps instead of summer camps. But the Internet is the great equalizer. Kids can just log on and hatch business plans. In the next five years, 1.2 million, or 6 percent, of teens will have started an Internet business by the time they graduate from high school, according to Computer E conomics Inc., a research firm in Carlsbad.