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.