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This data is worthless because it shows nothing about the distribution of founder success. It gives no indication of expected value. Better data would provide
by fragsworth 13y ago
This data is worthless because it shows nothing about the distribution of founder success. It gives no indication of expected value.
Better data would provide the average success of funded companies by the age of the founders. This would tell us whether or not younger or older founders are being under-funded.
The expected value of older founders could easily be higher if they have a lower variance but greater average success. Or it could be that younger founders are severely under-funded because the top-heaviness of the winners vastly outweighs the higher number of failures.
Who knows? The data in the article tells us nothing but how old people happen to be in this community.
- sillysaurus3 13y agoIt's probably not worthless. It just depends what question you're interested in answering. Expected value is a good one, but personally I was just interested in knowing the ages of all the founders. It's absolutely worthless for an investor who's trying to predict success, though. And since founders are investors of their own time, it's worthless to help you decide whether you should start a company.