04/16/2024

Connecting the Dots Only by Looking Backward

Never stop seeking new challenges

Young entrepreneurs (or at least young at the time of a startup's founding) tend to get the most press: Jobs, Gates, Page, Brin, Zuckerberg...

Yet a study conducted by the Census Bureau and two MIT professors found the most successful entrepreneurs tend to be middle-aged or older, even in the technology sector. In general terms, a 60-year-old entrepreneur is almost three times as likely to start an extremely successful company as a 30-year-old, and nearly twice as likely to launch one that eventually ranks in the top 0.1 (that's point-one) percent of all companies.

Sure, younger startup founders tend to be more tech savvy and less risk-averse. But older startup founders can benefit from greater experience, broader skill sets, more diverse networks and increased access to capital. 

Please select this link to read the complete article from Inc.