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1. Startup Lab (startuplab@mastodon.social)'s status on Tuesday, 04-Sep-2018 17:56:40 UTC Startup Lab

   Most successful entrepreneurs are middle-aged, not young.

   - The mean age across all 2.7 million founders [in a study] is 41.9.
   - The mean age of high-tech founders is 43.2, VC-backed founders - 41.9.
   - For the top 10%, top 5%, top 1% and top 0.1% (1 in 1000) of upper-tail growth, the mean founder ages are 41.6, 42.1, 43.7, and 45.0 respectively.
   - The mean founder age of startups with a successful exit, through IPO or acquisition, is 46.7.

   https://blogs.wsj.com/cio/2018/08/31/silicon-valley-myths-aside-time-is-on-the-side-of-aging-entrepreneurs/

   #startup #business #tech

   • Logan Dice repeated this.
   • Startup Lab (startuplab@mastodon.social)'s status on Tuesday, 04-Sep-2018 17:56:48 UTC Startup Lab

     in reply to

     Furthermore, the relationship between a founder’s age and the probability of a successful exit increases monotonically until about age 60. Founders in their early 20s have the lowest likelihood of achieve a successful exit, and a founder at age 50 is almost twice as likely to achieve a successful exit than one at age 30.

     Logan Dice repeated this.