For years, people have tried to correlate an entrepreneur’s age when they launched their startup, with the ultimate success of that startup. Many studies have been done on the topic, including reports by the Kauffman Foundation, Duke University and the Founder Institute, to name a few. So, I am not going to try and rehash those studies. But, the collective summary of their learnings was the average entrepreneur is 40 years old when they launch their startup, and people over 55 are twice as likely as people under 35 to launch a high-growth startup. The average age of a successful startup with over $1MM in revenues was 39. It was determined age was less of a driver to entrepreneurial success than previous startup and industry experience.
Read the rest of this post in Forbes, which I guest authored this week.
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