First, consider this;
1. Herbert Boyer co-founded Genentech at 40
2. Lynda Weinman co-founded Lynda.com at 40
3. Donald Fisher co-founded Gap at 41
4. Robert Noyce co-founded Intel at 41
5. Thomas Siebel co-founded Siebel Systems at 41
6. Chip Wilson began Lululemon at 42
7. Bob Parsons started GoDaddy at 47
8. Bernie Marcus co-founded Home Depot at 50
9. Leo Goodwin Sr. founded GEICO at 50
10. Ray Kroc joined McDonald’s at 52
11. Willaim A. Porter started E*Trade at 54
12. Charles Ranlett Flint launched IBM at 61
13. Colonel Sanders started KFC at 62
I came across an interesting read on FT.com. It shares information on a yet to be released paper which reveals that;
- The average age of US startup founders between 2007 and 2014 was a mature 41.9 years old.
- For Tech firms, the average age is actually higher, 43.9.
- This applies to Silicon Valley as well.
- Those firms with a successful exit have an average founders’ age of 47.
- Mean age of founders of most successful firms is 45.
- Probability of extreme success is peaking in the age 45-59.
So, in summary… STAY THE COURSE!
Related Links:
https://ftalphaville.ft.com/2017/07/28/2191790/are-successful-entrepreneurs-actually-middle-aged-on-average/
http://conference.nber.org/confer//2017/SI2017/PRENT/Azoulay_Jones_Kim_Miranda.pdf