When we think about successful startup founders, starting soon-to-be global tech companies, we think of young people such as Mark Zuckerberg (Facebook), Steve Jobs (Apple), Bill Gates (Microsoft), Larry Page and Sergey Brin (Google) who were in their twenties when they started their companies.
However, data tells us the opposite.
A big study (done by researchers from MIT, Northwestern, Wharton and the U.S. Census Bureau ‘Age and High-Growth Entrepreneurship’ by Pierre Azoulay, Benjamin F. Jones, J. Daniel Kim, and Javier Miranda (https://lnkd.in/dizEja8w) looked at 2.7 million founders who started companies in the US. The idea that younger founders are more successful isn't true. In fact, people who start businesses when they're a bit older tend to do even better.
On average, people start their own businesses at around 42 years old. The most successful new companies are started by people around 45 years old. Someone who's 50 years old has almost twice the chance of making their business really successful compared to someone who's 30. Surprisingly, people in their early 20s have the least chance of making their business a big success.
So, remember, age doesn't stop you from starting your own startup! If you have an idea but don't know how to begin, reach out to us today 🚀