📈 Why Starting a Business in Your 40s, 50s, and even 60s Can Be a Distinct Advantage

Especially if your goal is to start a remarkably successful company.

Mark Zuckerberg was 19 when he started Facebook. Bill Gates was 21 when he started Microsoft; co-founder Paul Allen was 23. Steve Jobs was 21 when he co-founded Apple; co-founder Steve Wozniak was 26. Amazon’s Jeff Bezos and Nvidia’s Jensen Huang were 30. 

A 60-year-old startup founder was three times more likely to launch a successful startup than a 30-year-old startup founder

Yet they’re the exceptions, not the rule. A study published by the National Bureau of Economic Research found the average age of entrepreneurs who start a company and go on to hire at least one employee is 42. A study conducted by the Census Bureau and two MIT professors found the most successful entrepreneurs tend to be middle-aged, even in the technology sector. After compiling a list of 2.7 million company founders who hired at least one employee between 2007 and 2014, researchers found the average age of those who founded the most successful tech companies was 45.

Read the complete Fast Company article BY Inc.: https://www.fastcompany.com/91497391/think-youre-too-old-to-start-a-business-science-says-people-in-their-40s-50s-and-even-60s-have-a-distinct-advantage