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I think the key distinction here is "the most successful startups", not "a successful startup". If you look at the biggest successful startups in the last ~20yr
by ZephyrBlu 5y ago
I think the key distinction here is "the most successful startups", not "a successful startup". If you look at the biggest successful startups in the last ~20yrs it definitely seems like the founders skew extremely young.
- oceanplexian 5y agoOlder entrepreneurs are quite successful as well, the difference is they aren’t in tech so you don’t hear about them. They’re in Real Estate, construction, logistics, infrastructure and so on. They don’t found startups, they start small businesses. Usually with debt or cash and they don’t sell equity in exchange for ownership of the business. They are a big fraction of the >22 Million Americans who have a net worth greater than $1m.
- CRConrad 5y ago> They don’t found startups, they start small businesses. You (probably intentionally?) put the finger on something that's been annoying me about this whole "Startup!" malarkey for a while now: The pretentious terminology. "Startups" are actually just small businesses.