Never Too Old to Start

Mark Zuckerberg with Facebook, Paul Allen and Bill Gates with Microsoft, Steve Wozniak and Steve Jobs with Apple AAPL +3.52% —those success stories lead some people to think that coming up with big ideas is a young person’s game. But the tech entrepreneurs who rose to early fame and fortune are just the outliers. The typical entrepreneur is a middle-aged professional who learns about a market need and starts a company with his own savings. Research that my team completed in 2009 determined that 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 aged over 50 as under 25, and twice as many over 60 as under 20.

Vivek Wadhwa, Vice President of academics and innovation, Singularity University
via How Entrepreneurs Come Up With Great Ideas on WSJ.com.

One comment

  1. Jim B

    Steve, very motivating and inspiring read. I think its too easy to get lost in the echo chamber of hackers with their Macbooks and cans of Red Bull cutting code. I’ve been to a few General Assembly classes in New York and its nice to see a few older grizzly folks like myself amongst the young and the hip.

    It takes chops and energy to do a career pivot but in this day and age we can’t afford to be complacent.

    I have the requisite Macbook (Air) but I’m holding out on the Red Bull….

    Cheers

    -Jim

    Like

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