7 ms·
Sounds like you’ve been burnt a few times. It’s not easy, but frankly, attitude is a big part of the determining factors...is you look at the research, your age
by verelo 8y ago
Sounds like you’ve been burnt a few times. It’s not easy, but frankly, attitude is a big part of the determining factors...is you look at the research, your age should actually give you an advantage. 40-49 is the most likely time to successfully start a company. https://hbr.org/2018/07/research-the-average-age-of-a-successful-startup-founder-is-45 https://hbr.org/2018/07/research-the-average-age-of-a-succes...
- mojuba 8y agoThe age does give an advantage, but lack of savings is a universally problematic thing for all ages. You do need a safety net if you want to switch to entrepreneurship, or otherwise you have to be exceptionally lucky to get the salary you need and the equity you think you deserve.
- verelo 8y agoVery fair point. I guess the only counter to that is: by 50+ you’ve had a lot of time to try resolve that, if you truly wanted to start something and realized it would be a limit I’m sure that’s enough time to give it a serious shot. Also, if you’re 50+ and have no savings, do you need a serious plan for the next 30 years because you physically cannot work forever. My personal experience coming from a low income family, i managed to pull off 16k i savings by 21. Individual experience is obviously a low sample size, but I know it’s a possibility.