This paper proposes to build on the stream of literature examining career history and entrepreneurship by examining the impact of human capital generated through education and work history, and specifically how policy changes influence the work history of those choosing to become entrepreneurs. I present a unique dataset of entrepreneurs from a prestigious technology-based university in China. This paper examines trends in entrepreneurship among alumni graduating from a technical university from the 1950s up to 2007. This timeframe permits us to analyze patterns in the human capital and work history characteristics of those becoming entrepreneurs in response to important policy changes during market reform.