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This can be filed under "duh". Younger people, generally speaking, have less obligations.
by DamnYuppie 13y ago
This can be filed under "duh". Younger people, generally speaking, have less obligations.
- wyclif 13y agoYes, I was shocked too. Guys fresh out of college without wives, children, and family obligations don't need as much money to operate, you say? Stop the presses!
- scott_s 13y agoAnd it would be silly to do that. We should not dismiss findings if they happen to corroborate our expectations; that makes us less likely to test our expectations, which means we're less likely to find instances were our expectations are wrong. Further, you should especially not dismiss findings if you could constructive a narrative for the opposite outcome. And, in this case, I can. If the result had been that older founders typically pay themselves less, I can imagine an explanation of "Older people, generally speaking, have more experience and better understand what it takes to keep a business going." Related: http://lesswrong.com/lw/im/hindsight_devalues_science/ http://lesswrong.com/lw/im/hindsight_devalues_science/
- colmvp 13y agoI saved your comment for future reference because it's exactly what more online communities need. I don't understand how a community that's built on knowledge sharing can be so dismissive of research.
- dllthomas 13y ago...or "Older founders generally have saved up more of a cushion for themselves" or... Good points well made.
- mmmbeer 13y agoI've also seen it work the opposite way - older founders who were already wealthy paying themselves no salary at all. But yes, it is obvious that younger founders without families can live on less. Another consideration is the older you are the closer you are to retirement and the less risk you can take if you are not already wealthy.
- monkeyboysteve 13y agoThe article was written by Captain Obvious.
- sliverstorm 13y agoMaybe also more faith that they will exit for 11 figures.