4 ms·

There are probably very few founders over 50. Given that there is at least one success in that bracket, I'll bet that founders over 50 have the best odds of an

by johnrob 13y ago

There are probably very few founders over 50. Given that there is at least one success in that bracket, I'll bet that founders over 50 have the best odds of any age group.

w1ntermute 13y ago
Not least because any entrepreneurs of that age are probably successful serial entrepreneurs. Otherwise, they wouldn't even be able to get any funding at that age.
- jebblue 13y ago
  After 50 we should just go fishing for the next 20 or 30 years until we croak. The world doesn't need us any more.
- krschultz 13y ago
  I actually know several people that have gotten funding after age 50. Just one example, but the first startup I worked at had a CEO who was around 50 years old, and it was the best place I've ever worked.
7Figures2Commas 13y ago
You may have missed this: A 2008 paper looked at a random sample of more moderately successful founders (sales in excess of $1 million and 20+ employees) and found an average and median age at founding of 39, with only 31% under 35. According to the paper's abstract[1]: Twice as many U.S.-born tech entrepreneurs start ventures in their fifties as do those in their early twenties, as this paper will show. Given that this study covered more than 500 companies filtered by more reasonable criteria, I'd say it probably provides a more realistic perspective. It's also worth noting that it appears to be in line with the age data from a study conducted by the Kauffman Foundation[2] that took a broader look at entrepreneurial activity. [1] http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1127248&download=yes http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1127248&d... [2] http://www.kauffman.org/~/media/kauffman_org/research%20reports%20and%20covers/2013/04/kiea_2013_report.pdf http://www.kauffman.org/~/media/kauffman_org/research%20repo...
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by johnrob 13y ago

There are probably very few founders over 50. Given that there is at least one success in that bracket, I'll bet that founders over 50 have the best odds of any age group.

w1ntermute 13y ago

Not least because any entrepreneurs of that age are probably successful serial entrepreneurs. Otherwise, they wouldn't even be able to get any funding at that age.

jebblue 13y ago
After 50 we should just go fishing for the next 20 or 30 years until we croak. The world doesn't need us any more.
krschultz 13y ago
I actually know several people that have gotten funding after age 50. Just one example, but the first startup I worked at had a CEO who was around 50 years old, and it was the best place I've ever worked.

7Figures2Commas 13y ago

You may have missed this: A 2008 paper looked at a random sample of more moderately successful founders (sales in excess of $1 million and 20+ employees) and found an average and median age at founding of 39, with only 31% under 35. According to the paper's abstract[1]: Twice as many U.S.-born tech entrepreneurs start ventures in their fifties as do those in their early twenties, as this paper will show. Given that this study covered more than 500 companies filtered by more reasonable criteria, I'd say it probably provides a more realistic perspective. It's also worth noting that it appears to be in line with the age data from a study conducted by the Kauffman Foundation[2] that took a broader look at entrepreneurial activity. [1] http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1127248&download=yes http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1127248&d... [2] http://www.kauffman.org/~/media/kauffman_org/research%20reports%20and%20covers/2013/04/kiea_2013_report.pdf http://www.kauffman.org/~/media/kauffman_org/research%20repo...

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