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This. I started my company post 35. It was much easier with less business risk because of all the experience I had accumulated by that point. But there was more
by dbjacobs 10y ago
This. I started my company post 35. It was much easier with less business risk because of all the experience I had accumulated by that point. But there was more personal risk because my kids and spouse were all dependent on my income.
- xiphias 10y agoActually I remember Sam talking in an interview about this.. older people have much better success rates, but they are also much less known, as they don't try to build billion dollar companies.
- kapauldo 10y agoWho is sam?
- trcollinson 10y agoFor the child comment to yours, Sam here is referring to Sam Altman. I actually can't seem to remember this interview but it certainly rings true for me! Again, this might be an age based difference. When I was younger I was going to be "the next Bill Gates, but so much better, and so much more ethical, and cooler!" I actually said pretty much exactly that. I wrote up a plan in my very early 20's on how to become a billionaire by 30. Post 35 years old, I wanted to start a business for entirely different reasons. I didn't care if I was a billionaire. I didn't worry about whether my company was in a good position to accept seed funding or venture capital. I wasn't worried about whether it would grow to the point of being sold or go public. I worried about profitability, sales, making the best products for my customers, and whether my target customers were happy and my market segment was growing. Now, I don't want to make it sound like those other things (being in a position to take seed funding or venture capital, going public, becoming a billion dollar company, etc) are bad things. They aren't! My personal focus had changed by then. That is all. Did it make me more successful? I have no idea at all!
- deleted 10y ago[deleted]