I think the definition of "later in life" makes a big difference. Five years is probably not a big deal in my experience (I worked and traveled for 3 years bef

I think the definition of "later in life" makes a big difference. Five years is probably not a big deal in my experience (I worked and traveled for 3 years before grad school). As far as startups, I think you are probably in a much better position to do a startup when you're young if you need to live on a near zero budget, since you are less likely to have a family, etc.