A study, conducted by Census Bureau and two MIT professors, claims that young age has nothing to do with the success of the startup. In fact the study, which compiled a list of 2.7 million company founders, suggested that:
-
A 50-year-old startup founder is 2.2 times more likely to found a successful startup as a 30-year-old and 2.8 times more likely to found a successful startup as a 25-year-old founder
-
A 40-year-old startup founder is 2.1 times more likely to found a successful startup as a 25-year-old
-
A 60-year-old startup founder is 3 times as likely to found a successful startup as a 30-year-old and is 1.7 times as likely to found a startup that winds up in the top 0.1 percent of all companies
The report suggests with experience, entrepreneurs understand how to execute the ideas which becomes the primary reason behind the success of any startup.
