Austin Entrepreneurship in the News: Forbes on Starting Your First Business

“We’re in the business of wealth creation.”

Johnny Butler is a force of nature. Give him ten minutes and your head will spin trying to keep up with the ideas and companies he is either advising, launching or dreaming up. Don’t ask him to slow down, because it isn’t his nature. Butler is the director of the Herb Kelleher Center for Entrepreneurship at the McCombs School, and he was recently featured in a Forbes article on launching new ventures.

One of his former students is selling genetically altered glow-in-the-dark goldfish. Another is developing a diaper with built-in baby wipes. For John Butler, a professor of entrepreneurship and management at the University of Texas at Austin’s McCombs School of Business, such occurrences are part of daily life in a town bursting with startups.

“We’re in the business of wealth creation,” Butler says.

With the exception of Silicon Valley and its hordes of startups vying to be the next Google ( GOOGnews people ) or Hewlett-Packard ( HPQnews people ), few places are as closely associated with entrepreneurial capitalism as Austin.

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