Age is Never a Factor

age in yellow
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;

  1. The average age of US startup founders between 2007 and 2014 was a mature 41.9 years old.
  2. For Tech firms, the average age is actually higher, 43.9.
  3. This applies to Silicon Valley as well.
  4. Those firms with a successful exit have an average founders’ age of 47.
  5. Mean age of founders of most successful firms is 45.
  6. 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/

The young entrepreneur myth?

http://conference.nber.org/confer//2017/SI2017/PRENT/Azoulay_Jones_Kim_Miranda.pdf

 

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