Influenced by the spectacular success of companies like Facebook, there has been a recent trend to imply that youth is the secret to success for startups, especially in the tech sector.
Two of the factors driving this are perceptions that Venture Capitalists think that older people don’t have the entrepreneurial drive of the young and a series of articles they spawned that promoted the idea. But there was an immediate backlash with perhaps the most public and high profile discussion taking place on Quora .
It is worth noting that to the Silicon Valley crowd, 35 was the age being highlighted as over the hill in entrepreneurial terms! Outside the tech industry the same attitudes also prevail, even if the age at which people are ‘too old’ is somewhat higher.
It turns out that there is research to show that not only do more older people start businesses but also that businesses started by older people are actually more successful on average. A study by the Kauffman Foundation that surveyedRead More »from Older Entrepreneurs: The startup mentality is not bound by age