September 8, 2009 at 10:48The best age to start a startup is 40 years old.
Oddly enough, in adulthood, an entrepreneur is more likely to succeed in business. An ideal startup is a 40-year-old man with a wife and two children. These are the results of the study “Entrepreneur Anatomy: Marital Status and Motivation”, conducted in the USA, where more than half of the population works in small business.
A survey of 549 startups in the most promising sectors of the economy (30.4% of respondents represent IT) showed that the main reason for creating a successful startup is making money. Other motivating factors are a thirst to realize a business idea, an old dream about one's business, a craving for a startup culture and a loss of interest in working in a foreign company.
A successful entrepreneur usually worked from 6 to 10 years as an employee in a company of the appropriate profile. He was born in a poor family (in 42.5% of cases - the first child), received a good education, and at school he was one of the best students in the class.
While studying at the university, half of the future entrepreneurs did not even think that they want to establish their own business, or did not find it interesting.
Interestingly, 58% of American entrepreneurs founded more than one company. From this we can conclude that the first experience is not always successful. About 8% of entrepreneurs founded five or more companies.
Of course, this study is not entirely devoted to the IT industry, where innovations and scientific developments play a very important role. As you know, most of the great discoveries are made by scientists precisely at a young age, up to 30 years. Young Brin and Page discovered the PageRank algorithm while still students. Of course, there was no point in waiting until 40 years old before starting your own business. Consequently, in IT, young entrepreneurs are much more likely to launch a successful project.
But researchers from Duke accurately reflected the point of view of venture investors, who ultimately decide whose startup to finance. In their opinion, the old horse does not spoil the furrow.
A survey of 549 startups in the most promising sectors of the economy (30.4% of respondents represent IT) showed that the main reason for creating a successful startup is making money. Other motivating factors are a thirst to realize a business idea, an old dream about one's business, a craving for a startup culture and a loss of interest in working in a foreign company.
A successful entrepreneur usually worked from 6 to 10 years as an employee in a company of the appropriate profile. He was born in a poor family (in 42.5% of cases - the first child), received a good education, and at school he was one of the best students in the class.
While studying at the university, half of the future entrepreneurs did not even think that they want to establish their own business, or did not find it interesting.
Interestingly, 58% of American entrepreneurs founded more than one company. From this we can conclude that the first experience is not always successful. About 8% of entrepreneurs founded five or more companies.
Of course, this study is not entirely devoted to the IT industry, where innovations and scientific developments play a very important role. As you know, most of the great discoveries are made by scientists precisely at a young age, up to 30 years. Young Brin and Page discovered the PageRank algorithm while still students. Of course, there was no point in waiting until 40 years old before starting your own business. Consequently, in IT, young entrepreneurs are much more likely to launch a successful project.
But researchers from Duke accurately reflected the point of view of venture investors, who ultimately decide whose startup to finance. In their opinion, the old horse does not spoil the furrow.