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#53 is interesting! I assumed that there would be more 20-something founders. But 31-35 year olds account for 23%, and 41-50 year olds account for 30%
by jansho 9y ago
#53 is interesting!
I assumed that there would be more 20-something founders. But 31-35 year olds account for 23%, and 41-50 year olds account for 30%
- k__ 9y agoSame here, but on the other hand I never worked with <30 founders. A few friends of mine founded right after university, but that was it. Maybe this feeling comes up because they prefer to hire <30 people because they are cheaper?
- cyberpunk0 9y agoMost start ups want you to have a lot of experience so they don't have to train you. That level of experience isn't found in most people in their 20s. The older age bracket I'd wager are finance and venture capital types. Startups are mostly toys for rich people
- k__ 9y agoSure, but this doesn't explain why most people working in startups are in their twenties.
- nwenzel 9y agoIs that true? Or is that just what people want to see? Avg age at my company (Series A funded, 50-ish people) is >30. Founders started at 35 & 36. Now they’re not-quite-40 and 40. Your sample size may vary.
- tedmiston 9y agoIt would be nice to see more data collection here around employees. Maybe AngelList would be a good co to collect it? At my startup, in my late 20s, I'm one of the older employees, excluding founders & management.
- tedmiston 9y ago> Sure, but this doesn't explain why most people working in startups are in their twenties. The data isn't for people working at startups — they only survey founders, and I think CEOs if the CEO is a non-founder.
- Silhouette 9y agoI tend to see a lot more 30+ founders outside of the bubble around high-profile, high-tech businesses, which naturally gets a lot of coverage on sites like HN. Also, they're talking about startups that were in good enough shape to raise VC funding. It's possible that a lot more than 1 in 7 of all startups is founded by under-30s but that the lack of experience means those startups disproportionately fail to reach a stage where they are worth funding by VCs.
- benp84 9y agoThough #54 is "How long ago did you start your company?" for which the average is 4-5 years. So, subtract that off for the age at founding I guess.