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Startup founder ageism is REAL and totally WRONG.

Derek Watson
Derek Watson

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Startup opportunities: Fitness meets Gaming in the metaverse

💡 Startup founder ageism is REAL and totally WRONG.

➡️ Let’s set the record straight instead of listening to guessing rhetoric 👇🏼 plus three criteria that data says you need to succeed.

➡️ Let’s set the record straight instead of listening to guessing rhetoric

👇🏼 plus three criteria that data says you need to succeed. Max Planck, the founder of quantum physics, principle states: ❝ the view that scientific change does not occur because individual scientists change their mind, but rather that successive generations of scientists have different views❞

➡️ This would make statements like: ❝ Young people are just smarter ❞ —Mark Zuckerberg, founder of Facebook. ❝ The cutoff in investors’ heads is 32 … after 32, they start to be a little skeptical ❞ —Paul Graham, venture capitalist and founder of Y Combinator. 🔔 RING TRUE

✅ BUT Your likelihood of entrepreneurial success increases with age 🚀 

💡 An in-depth study by researchers at MIT, Northwestern, Wharton and the U.S. Census Bureau on the relationship between age and startup success 💥 Shattered the Ageism myth – BOOM 💥 

✅ 42 – the mean age of startup founders across the U.S. 

✅ 43 – the mean age of high-tech startup founders 

✅ 45 – the average age of founders of the rare ultra-fast growth unicorns (the 1 in 1,000 fastest growing ventures) 

➡️ The chances of success increases with age until the age of 60. 

💡 A 50-year-old founder is twice as likely to build a thriving enterprise that has either an IPO or a successful acquisition as a 30-year-old founder. 💥 2X WOW… that’s huge 🚀 

💡 Plus, you don’t need to be a serial entrepreneur. Most successful founders have worked in corporate and other jobs before starting their venture. 

A few examples from the endless list: 

✅ Eric Yuan created Zoom at 41 

✅ Bill Porter founded E-Trade at 54 

✅ Bernie Marcus founded Home Depot when he was 50

 ✅ Bob Parsons founded Go Daddy at 47 

✅ Reed Hastings started Netflix when he was 37

 ✅ Reid Hoffman started Linkedin at 35 

✅ Robert Noyce started Intel at 41 

✅ Leo Goodwin founded Geico at 50 

✅ Vera Wang designed her first dress at 40 

✅ Aneel Bhusri at 40 and David Duffield at 65 cofounded Workday


The study found these three criteria are what you need to succeed. 

1. Know your domain: The results show that founders with closer and longer domain expertise of the start-up see substantially greater success rates. Pretty much what i saw in my portfolio. Article I have never had a unicorn.

 2. Successful at your job: People who have already achieved professional success define entrepreneurial success more rigorously than those who lack professional experience. 

3. Intrinsically motivated: Most successful creators are motivated by something bigger than simply making money. Solving a problem is their genuine interest, and when it is solved, they get high financial returns.

 ➡️ If you are thinking about starting a new venture, all the statistics point to your success. Just don’t forget to do it for the right reasons. 🙏🏼

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