According to research from Harvard Business Review, the average age of successful startup founders is 45. The article presents fascinating evidence challenging the widely held belief that the most successful entrepreneurs are young. From the article:
“Among those who have started a firm, older entrepreneurs have a substantially higher success rate.”
“Why might this be? Although there are many other factors that may explain the age advantage in entrepreneurship, we found that work experience plays a critical role. Relative to founders with no relevant experience, those with at least three years of prior work experience in the same narrow industry as their startup were 85% more likely to launch a highly successful startup.”
What if you’re passionate about an industry where you don’t have experience on your side? Consider partnering with someone that does.
It’s a fascinating bit of research. You can read the full article here.