Middle-aged entrepreneurs fare better than twentysomethings
Friday, March 20, 2020 - 07:10
in Mathematics & Economics
Two years ago, MIT economist Pierre Azoulay started a lively discussion when a working paper he co-authored, "Age and High-Growth Entrepreneurship," revealed a surprising fact about startup founders: Among firms in the top 1/10 of the top 1 percent, in terms of growth, the average founder's age is 45. That's contrary to the popular image of valuable startups being the sole domain of twentysomething founders, such as Mark Zuckerberg of Facebook.