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I think risk might be the opposite. Very young people might have no risk... unless they don't want to move back in with their parents. But older people might h
by fghh45sdfhr3 14y ago
I think risk might be the opposite. Very young people might have no risk... unless they don't want to move back in with their parents.
But older people might have the least risk if their kids are grown and don't need help, their own parents gone, and they have enough money saved not to worry about failing.
Thus over 50 could have less risk than 25 and under.
- SatvikBeri 14y agoAnecdotally, many of the older people I know starting businesses have their kids moved out, and either a spouse whose income is more than enough for both of them or enough savings to retire. That might be why so many people in the 55-64 age group are starting businesses.
- fghh45sdfhr3 14y agoIndeed, the first startup I worked for was founded by a Ph.D who's wife was a working M.D.