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. 🙏🏼