Wednesday, November 13, 2019

Older Entrepreneurs Are Better (Research Finding)

there seemed to be this very consistent finding that the likelihood of entrepreneurial success rises with age....... age reflects many, many things in life. We know that with age, many benefits accumulate, including your social ties — your relationship with suppliers and potential hires and co-founders — as well as financial wealth and human capital that you gain from working in different companies. ....... You could have the Zuckerbergs and Sheryl Sandbergs on a team, where you have a very young entrepreneur and perhaps an older manager to balance out those views. ....... when you look at just the Zuckerbergs and Gates of the world, you’re really cherry-picking the examples that the media likes to show. When we look at those individuals and their career histories, there is some evidence that over time they get better as operators and entrepreneurs of real companies. Even in that example, we have reasons to think that age is still an advantage in terms of being an entrepreneur. ...... this link between entrepreneurship and age is a really strong one. ......

venture capital often favors the young

...... They may know what’s happening, but they also know that there’s greater bargaining power against young entrepreneurs. ...... I’ve spoken to many executive MBA students who are in their early 40s and late 30s, and I’ve heard many perspectives that it might be too late for them to become entrepreneurs. What we want to do is discourage and dispel that myth because what we’re finding is they actually might be in the best position to start new companies. ........ We’re looking at immigrant entrepreneurs and the role that they play in creating jobs in the U.S. economy versus the jobs that are perhaps being “taken” by new immigrants in the U.S., and really comparing those two streams.

No comments: