3 ms·

Your guess is well-supported by facts. > The average age of first-time entrepreneurs in all industries is 43; in tech industries, the average age is 39. Only 1

Your guess is well-supported by facts. > The average age of first-time entrepreneurs in all industries is 43; in tech industries, the average age is 39. Only 16 percent of the fastest-growing and most successful companies in the United States had venture investors. 11 percent had revenues of more than a million dollars. http://www.kauffman.org/uploadedFiles/FactSheet/EntreAndEcon061812E.PDF http://www.kauffman.org/uploadedFiles/FactSheet/EntreAndEcon... According to the US census bureau, about half a million new firms are established each year (where a new firm is defined as having at least 1 employee on payroll, so this doesn't count everyone starting a website in their spare time). 16%, 11%, these are of big numbers, bigger than the couple dozen companies you might read about on TechCrunch each year.

w1ntermute 14y ago
> The average age of first-time entrepreneurs in all industries is 43; in tech industries, the average age is 39. This obviously doesn't mention how successful those older entrepreneurs go on to be. I'd like to know if there is a significant difference in the success rates of tech companies started by 18 year olds and 28 year olds. Does it actually make empirical sense to start a company when you're 18, or do those 10 years of working drastically improve your chances such that you should hold off?
- aagha 14y ago
  I remember reading a free years ago--I can't remember the source--that older entrepreneurs were, on average, more successful than younger ones.
- doorhammer 14y ago
  I'd be totally interested in (being spoonfed) research on that, just out of interest. I think my bumper-sticker take away, though, would be "it's never too early to try and it's never to late to get started."