My friend and mentor did his startup (truveo.com) when he was 40, with a wife and two kids to support. His company was acquired by AOL for about $50 million.

My friend and mentor did his startup (truveo.com) when he was 40, with a wife and two kids to support. His company was acquired by AOL for about $50 million. So yes, the myth that you have to be in your 20s to succeed in this game is exactly that.