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I have very very little doubt that the sum of the total revenue of all companies started by middle-aged entrepreneurs divided by the number of them (the average

by tw1010 8y ago

I have very very little doubt that the sum of the total revenue of all companies started by middle-aged entrepreneurs divided by the number of them (the average) is greater than the average revenue from companies started by young people. What I'm curious about is whether or not young people tend to create revolutionary companies with more frequency than older people, especially if you ignore factors that sort of make the game an "unfair" comparison, like older entrepreneurs having better access to capital (e.g. self funded) or all the things a network can help you with.

j45 8y ago
This graphic shows a 3% difference in success (although it is a nearly 4 fold difference). Overall, Only 1-4 % of entrepreneurs succeeed according to this article at any age. Maybe you can share an example of revolutionary? Many tech revolutions had a previous incarnation. On age: One has to decide if it's easier to learn 20 years worth in 5-10 years from someone more experienced, or waste one's own time learning it before innovating. I think mentoring is good and a turbo boost for innovating. New entrepreneurs and innovators can tend to seek more permission and validation from others than those who are closer to just making value happen for clients. There seems to be less of a gap between what you are calling middle aged vs someone in their 20's. Today's 40 year olds have grown up on the internet 10-20 years longer than today's digital natives as creators, but also know how to interface with the pre-internet world and powerholders. It's really a valuable 2 way relationship. Ageism is silly against any age, because it just slows down innovation and the exchange of knowledge and insight. I started as an entrepreneur when I was 19, and the feelings of people not getting it are normal, so it can be of value to learn to build and level up to meet the future you see. Luckily innovation cycles are shortening.

by tw1010 8y ago

j45 8y ago

This graphic shows a 3% difference in success (although it is a nearly 4 fold difference). Overall, Only 1-4 % of entrepreneurs succeeed according to this article at any age. Maybe you can share an example of revolutionary? Many tech revolutions had a previous incarnation. On age: One has to decide if it's easier to learn 20 years worth in 5-10 years from someone more experienced, or waste one's own time learning it before innovating. I think mentoring is good and a turbo boost for innovating. New entrepreneurs and innovators can tend to seek more permission and validation from others than those who are closer to just making value happen for clients. There seems to be less of a gap between what you are calling middle aged vs someone in their 20's. Today's 40 year olds have grown up on the internet 10-20 years longer than today's digital natives as creators, but also know how to interface with the pre-internet world and powerholders. It's really a valuable 2 way relationship. Ageism is silly against any age, because it just slows down innovation and the exchange of knowledge and insight. I started as an entrepreneur when I was 19, and the feelings of people not getting it are normal, so it can be of value to learn to build and level up to meet the future you see. Luckily innovation cycles are shortening.