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The true face of a modern startup founder

  • Категория: News

In recent years, films and articles devote a lot of attention to the AI, crypto world, and technologies in general. Zuckerberg, Gates or Jobs became modern icons. There occurred a stereotype that an average technological startup owner is a young science geek but a comprehensive USA research proved the image wrong.

A US research facility processed administrative data sets to discover the true age of founders of new businesses. This method allowed scrutinizing the whole population and getting results that are more accurate in comparison with ordinary surveys. It turned out that an average age of a startup founder is almost 42 years. The highest-growth companies were established by people aged about 45. The outcome is almost the same even if divide the founders into clusters according to geography or an industry. Nevertheless, the oil industry has founders of about 54 years old. 

Another unexpected conclusion occurred during the investigation: fast-growing startups are mainly chaired by older founders. Moreover, mature entrepreneurs turned out to be more successful in general. The researchers assume that the reason for such success may hide behind greater experience in a particular industry, a wide network of contacts, and sufficient personal wealth. Meanwhile, young businesspersons require external funding and act according to business stereotypes.

Source: techcrunch.com 

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