Think Young Entrepreneurs Are a VC’s Best Bet? Harvard Says You Should Think Again:
This is true in Atlanta, where I live and our business is based, but it is also true when I visit incubators and other entrepreneur environments in cities as diverse as Boston, San Francisco and Bordeaux, France. Certainly these communities include a healthy representation of colleagues in their twenties and early thirties, but they are outnumbered by those of us in our later thirties, forties and fifties.
A new study sheds some light on why this is true. It also puts some teeth to the argument that successful startups are only the domain of the young.
The study, published in Harvard Business Review by Pierre Azoulay, Benjamin Jones, J. Daniel Kim and Javier Miranda, found that although younger founders aren’t uncommon in software startups, the average age for successful founders across industries skews significantly older, from the early forties to closer to 47.
I’m 41 and this is a thought that pops in my head a lot. Am I too old to be launching my own brand?
The truth is, I couldn’t have started Stay Vigilant any sooner in my life because if I rewind 10 or 20 years, I was busy screwing up and learning. I had to go through enough experiences to condition me for what I’m doing now.
So just remember, it’s never too late.
When most people think about being vigilant, it’s related to external dangers. The wolf hiding in the bushes.
The truth is, in order to protect yourself in the world, you need to prepare yourself and preparation in the first world doesn’t require a sharp spear, it requires a sharp mind, a mind always learning and adapting to what’s going on around it.
On that note, The Mission has a great post on the importance of ongoing learning by way of reading.
5-Hour Rule: If you’re not spending 5 hours per week learning, you’re being irresponsible:
People at the bottom of the economic ladder are being squeezed more and compensated less, while those at the top have more opportunities and are paid more than ever before. The irony is that the problem isn’t a lack of jobs. Rather, it’s a lack of people with the right skills and knowledge to fill the jobs.
An Atlantic article captures the paradox: “Employers across industries and regions have complained for years about a lack of skilled workers, and their complaints are borne out in U.S. employment data. In July , the number of job postings reached its highest level ever, at 5.8 million, and the unemployment rate was comfortably below the post-World War II average. But, at the same time, over 17 million Americans are either unemployed, not working but interested in finding work, or doing part-time work but aspiring to full-time work.”
Last year I set a goal on Goodreads to read 24 books. I read 26 books. This year I upped my goal to 32 books and so far I’m 4 books ahead of schedule at 24 books read.
Know the Ledge.