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While I agree with the sentiment, the statistics quoted don't support the author's thesis. > The average age of a successful entrepreneur in high-growth indust
by salmonellaeater 13y ago
While I agree with the sentiment, the statistics quoted don't support the author's thesis.
> The average age of a successful entrepreneur in high-growth industries such as computers, health care, and aerospace is 40.
> Twice as many successful entrepreneurs are over 50 as under 25.
> The highest rate of entrepreneurship in America has shifted to the 55–64 age group, with people over 55 almost twice as likely to found successful companies than those between 20 and 34 – in fact, the 20-34 age bracket has the lowest rate of entrepreneurial activity.
If ten times as many people over 50 than people under 25 try to start businesses, then the statistics strongly favor the under-25's. These statistics don't mean anything unless you know the number of people in each age group who start businesses.
> 75% have more than six years of industry experience and 50% have more than 10 years when they create their startup.
What does this even mean? Years worked is not the same as having useful experience.
The article would be much stronger if it showed evidence that older workers were more productive, more likely to succeed at starting a business, or were in some other way undervalued by the current job market.