Jeff Bezos, Oprah Winfrey, and Science Agree: You Could Be Too Young to Start a Successful Business, But Science Says You Can Never Be Too Old – Inc.

Think “wildly successful startup founder” and your mind probably flashes to the usual suspects. Like Steve Jobs. Or Bill Gates. Or my best friend Richard Branson. (Wonder if the sentiment is reciprocated?) Or maybe the Four Ks: Kim, Kylie, Khloe, and Kendall.
Youth clearly has its advantages.
But not always. For example (h/t to Jon Erlichman):
Granted, the above list can also seem like an example of survivor bias, focusing on people or things that “survived” while overlooking those that did not, simply because they aren’t visible.
But then there’s this: A study conducted by the Census Bureau and two MIT professors found the most successful entrepreneurs tend to be middle-aged — even in the tech sector.
Researchers compiled a list of 2.7 million company founders who hired at least one employee between 2007 and 2014 and found that the average startup founder was 45 years old when they founded the most successful tech companies. In general terms, a 50-year-old entrepreneur was almost twice as likely to start an extremely successful company as a 30-year-old. (Or, for that matter, a successful side hustle.)
Even more surprising, a 60-year-old startup founder was 3 times as likely to found a successful startup as a 30-year-old startup founder — and was 1.7 times as likely to found a startup that winds up in the top 0.1 percent of all companies.
As the researchers write:
Age has… a positive effect on subjective success, firm size, and financial success.
It’s hard to develop a solid strategy when your experience is limited. It’s hard to execute well when your experience is limited. It’s hard to make the endless number of tactical decisions required to build a business when your experience is limited.
And it’s really hard to have the leadership skills to turn a collection of individuals into a real team when your experience is limited.
In many areas of life (hi, reflexes and metabolism and fitness!) age is something you have to overcome. 
For entrepreneurs, though, age is a competitive advantage. 
Plenty of examples, and a whole lot of research, says so.


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