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I have been an entrepreneur my entire life and I have the exact opposite view. There are tons of problems more common with younger founders, like... 1. Lack o
by oldmanjones 13y ago
I have been an entrepreneur my entire life and I have the exact opposite view.
There are tons of problems more common with younger founders, like...
1. Lack of wealth. Funding is glamorous but it sucks to not be able to move forward without convincing someone else to give you money.
2. Lack of industry knowledge. Disrupting a market is hard when you have no first hand experience in it.
3. Lack of relationships. You're more likely to know more people who can help your business, and who will trust and recommend you, as you age.
4. Limited perspective. It's easier to avoid common mistakes once you've already made them.
5. Lack of credibility. Tech startups are a supposedly a young mans game but if you're not doing a consumer internet venture and are selling to businesses you might run into concerns about your credibility. A lot of people will hesitate to buy a service from a 22 year old.
On the other hand some of the assumptions you make about older founders aren't accurate. I'm in my mid 30s, don't have kids and am in a much stronger financial position (6 figures cash in the bank from years of consulting, fiance with 6 figure job) than I was when I was in my 20s. That enables me to invest in my business without having to go begging for investment. If you choose to have a family and run up an expensive lifestyle there's nothing wrong with that but not everyone 30+ has 3 kids, 2 BMW leases and a $800,000 mortgage.
By the way, coding 18 hours per day is not the way to succeed. Any entrepreneur coding 18 hours per day is doing it wrong.