> ... a fascinating study by Javier Miranda, principal economist at the U.S. Census Bureau; Benjamin Jones, professor at the Kellogg School of Management at Northwestern University; and Pierre Azoulay, professor at MIT’s Sloan School of Management and research associate at the National Bureau of Economic Research. They took a detailed look at the demographics of successful entrepreneurship. The results were so conclusive as to debunk the myth of the young startup founder. They paint a portrait that is much more consistent with your own intuition from experience.
> They conclude: “The mean age at founding for the 1-in-1,000 fastest growing new ventures is 45.0. The findings are similar when considering high-technology sectors, entrepreneurial hubs, and successful firm exits. Prior experience in the specific industry predicts much greater rates of entrepreneurial success.”
It’s a Disservice to Urge Young People To Become Entrepreneurs | Jeffrey A. Tucker | November 15, 2019 at https://www.aier.org/article/its-a-disservice-to-urge-young-people-to-become-entrepreneurs/
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