Page 43 - Are You Future Ready?
P. 43
Chapter One - To Know the Present
Through the Past
1.2
Talent ll: A fresh
start at mid age
The founders of digital giants like Microsoft, Apple, and
Facebook, were in their twenties when they started their
businesses and they were not even graduates from a
university. Therefore, a common understanding is that
"Young People" equals “Entrepreneurship”. However, a
recent study by several American scholars completely 041
overthrows this conventional thinking.
Researchers, from the National Bureau of Economic
Research (NBER), Massachusetts Institute of Technology,
and the U.S. Census Bureau, studied 2.7 million
entrepreneurs who started a business between 2007 and
2014. It was found that the average age of entrepreneurs
who continue to employ at least one staff member is 42.
Among the 0.1% highest-performing startups, the average
age at which they started their companies is even higher:
45.
