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Hopefully this is a harbinger of the end of the emphasis VCs and Universities put on pushing 22-year olds to be founders. There's a reason most successful entre

Hopefully this is a harbinger of the end of the emphasis VCs and Universities put on pushing 22-year olds to be founders. There's a reason most successful entrepreneurs average 42 when they start a company

danielvaughn 3y ago
I cofounded a company back in 2021, at the time I was 37. I still felt too inexperienced to be doing what I was doing. Can't imagine having the hubris to think you know how to start a company in your early 20's.
- themanmaran 3y ago
  It's largely driven by the investors. People in their early 20's are maybe 25% less likely to have a successful startup, but 50% more likely to give away equity. So from a VC perspective, you have a riskier asset but greater ownership.
  - danielvaughn 3y ago
    Interesting, never thought about it from that angle.
  - derekp7 3y ago
    Not only that, they also have less to lose so are able to take more chances, and work more hours to achieve their goals. Which gives the possibility of producing a unicorn. Older people will be more conservative, taking fewer risks, so probably less likely to hit that hyper-mega valuation.
  - red-iron-pine 3y ago
    i.e. we can hustle the noobs and the kids will work like dogs because they haven't been in the industry long enough to know what is normal
- dfxm12 3y ago
  I think the secret is you never really know. The thing with experience is you never really have it until after you needed it.
- shyross24 3y ago
  Interesting comment, I don't think anyone does just look at Steve Jobs as a prime example he founded Apple at 21 with Wozniak, he didn't have any idea of how to start a company, but he knew he would regret never starting one in the first place. A few YC unicorn's have been started by people who were 19, or even 20 but age isn't the primitive factor to a business success it's execution and innovation.
ushakov 3y ago
In order to become a founder you need to have experience and connections (future colleagues, investors and customers). Both things you cannot have with 22 unless you dropped out and born in Silicon Valley

danielvaughn 3y ago

I cofounded a company back in 2021, at the time I was 37. I still felt too inexperienced to be doing what I was doing. Can't imagine having the hubris to think you know how to start a company in your early 20's.

themanmaran 3y ago
It's largely driven by the investors. People in their early 20's are maybe 25% less likely to have a successful startup, but 50% more likely to give away equity. So from a VC perspective, you have a riskier asset but greater ownership.
- danielvaughn 3y ago
  Interesting, never thought about it from that angle.
- derekp7 3y ago
  Not only that, they also have less to lose so are able to take more chances, and work more hours to achieve their goals. Which gives the possibility of producing a unicorn. Older people will be more conservative, taking fewer risks, so probably less likely to hit that hyper-mega valuation.
- red-iron-pine 3y ago
  i.e. we can hustle the noobs and the kids will work like dogs because they haven't been in the industry long enough to know what is normal
dfxm12 3y ago
I think the secret is you never really know. The thing with experience is you never really have it until after you needed it.
shyross24 3y ago
Interesting comment, I don't think anyone does just look at Steve Jobs as a prime example he founded Apple at 21 with Wozniak, he didn't have any idea of how to start a company, but he knew he would regret never starting one in the first place. A few YC unicorn's have been started by people who were 19, or even 20 but age isn't the primitive factor to a business success it's execution and innovation.

ushakov 3y ago

In order to become a founder you need to have experience and connections (future colleagues, investors and customers). Both things you cannot have with 22 unless you dropped out and born in Silicon Valley