This paper revisits the current policy assumptions on youth entrepreneurship and their possible implications on entrepreneurial learning in nonformal settings. Based on secondary literature analysis, it interrogates the nonformal learning practices that promote entrepreneurship and calls for entrepreneurial learning to incorporate higher awareness of the social challenges that apply to young entrepreneurs. It is argued that the situation of young entrepreneurs is very much dependent on the local "regime" of youth policy-making and reflects an overall social and political thinking on the role and status of young people.