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It seems that the average age of startup founders is actually 40 according to this article: http://www.entrepreneur.com/article/235357 http://www.entrepreneur.

• mikeash 11y ago
  It seems like a different environment now. The debt here sounds like a bank loan or something along those lines where they expected to get paid back in cash. These days, it's more likely to be a VC investment or a Kickstarter or something else where there's no debt created and the people giving the money are just buying some sort of share in the company's potential success.
  • takno 11y ago
    It is better, but it's difficult to guarantee that the company will never go through a stage where a personally-guaranteed overdraft is the best option. At least in the UK these are usually jointly and severally repayable by the founders. At that point I'd far rather be the founder in my early 20s with nothing but debt than the one with the house who is going to end up homeless.
  • digi_owl 11y ago
    I wonder if back then was better than it is now. The whole VC thing seems to lead to a whole lot of pump and dump schemes. It, and going public, seem to lead to a whole lot of short term thinking.