Page 44 - Are You Future Ready?

This study covers startups in all industries, including
high-tech companies; in the case of the petroleum or

the biotechnology industry, the average age of the
entrepreneurs when founding the businesses is closer to
47.

The highest-performing companies have significant
increases in the number of employees, excellent sales
growth, or the ability to exit through listing or acquisition in
the first five years of business.

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At the same time, when comparing the success rate of
entrepreneurs of different age groups, it is found that
middle-aged people from 41 to 50 have an 80% higher

success rate than those aged 21 to 30. There are very few
of the highest-performing companies whose founders were
in their 20s when starting the business.

If we further compare the entrepreneur population of each
age group with the "successful" population, that is, using
the 1% of companies with the highest growth as a success
indicator, it is clear that age 35 is the watershed. The