Not too late. One of my childhood friend's dads started a company in his 70s, though he had a previous exit in his 50s. But it gets more complicated. Some qu

Not too late. One of my childhood friend's dads started a company in his 70s, though he had a previous exit in his 50s. But it gets more complicated. Some questions to ask yourself: 1. Can you afford to go without income for at least 2 years and possibly indefinitely? 2. Do you have kids? What age range? Starting a software company with kids in the 0-5 range is very, very difficult, particularly if you have multiples. The only time I've seen it succeed is if you started the company before having kids, and the product is already built and has some measure of traction before the kids are born. 3. Have you built up a large amount of domain expertise in a particular industry before starting the company, and is the company related to that domain? Older founders rely more on experience: they don't have the same raw energy and the same tap into the cultural zeitgeist that younger founders do, but they should know how a particular industry operates and what the key problems within it are. 4. Do you have a network to draw on, both for potential co-founders and employees and for potential customers?