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Research: The Average Age of a Successful Startup Founder Is 45

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Re: Research: The Average Age of a Successful Startup Founder Is 45

#151

Post by madcaptenor »

bonestamp2 wrote: post #21
rafiki6 wrote: post #16

I can tie this back to my own experience as well. Humility generally comes with age, and it's important in running a successful and socially responsible business. It's easy to get caught up in the young successful founder myth because that's what gets the most press. But look at a guy like Bill Gates. I'm sure had he started Microsoft 20 years later (assuming all conditions were ripe for it), he would have done it qu…

In some ways, it's also easier to run a startup when you're younger. Most younger people have more energy and fewer family obligations. But, that also explains why 45 makes a lot of sense... if you have kids they're probably old enough that they're doing a lot of their own things so you've got the wisdom from age (experience) and you've shed some of the family responsibilities that you might have at, say, age 35.

It would be interesting to see this data broken out by age of children (for those founders who are parents). I'm 34 and I have a newborn. My parents were 23 and 26 when they had me. So my parents' 45 (I was already out of the house) looked different than mine will.

Re: Research: The Average Age of a Successful Startup Founder Is 45

#152

Post by bovermyer »

baccheion wrote: post #139
ttul wrote: post #4

I have been an entrepreneur for 17 years and am now “middle aged”. In my early years, I made many, many mistakes that could probably be pegged to youthful hubris. I also had no idea how to run a real business because I had scant experience even working for one let alone crafting anything approaching a “go to market plan”. If I were to start a new company today, I would probably lack the carefree creativity of a 23-ye…

To regain youthful energy/creativity, you could try increasing testosterone. Even topical pregnenolone + DHEA (5 mg : 5 mg) along with a multivitamin + D & K + chelated/TRAACS magnesium supplement may be effective. Given your age, there are also anti-aging benefits. Iodine protocol. MSM lotion. Would execution ability have been sufficiently improved by reading/observing more? What makes you now better at executing?

Or you could skip the dubious body hacker drug BS and just be more physically active.

Re: Research: The Average Age of a Successful Startup Founder Is 45

#153

Post by robodale »

bovermyer wrote: post #152
baccheion wrote: post #139

Earlier quoted context omitted.

To regain youthful energy/creativity, you could try increasing testosterone. Even topical pregnenolone + DHEA (5 mg : 5 mg) along with a multivitamin + D & K + chelated/TRAACS magnesium supplement may be effective. Given your age, there are also anti-aging benefits. Iodine protocol. MSM lotion. Would execution ability have been sufficiently improved by reading/observing more? What makes you now better at executing?

Or you could skip the dubious body hacker drug BS and just be more physically active.

I agree. Make time for the gym. Eat less crap food, and get consistent sleep.

Re: Research: The Average Age of a Successful Startup Founder Is 45

#154

Post by baccheion »

bizkitgto wrote: post #149
nsomaru wrote: post #141

Earlier quoted context omitted.

Is this safe? Any guides?

Your testicles will shrink, and your body will stop naturally producing testosterone over time as you continue with the testosterone injections - basically, once you start it has to be for life! Be careful doing this.

I wasn't necessarily suggesting TRT.

Re: Research: The Average Age of a Successful Startup Founder Is 45

#155

Post by baccheion »

bovermyer wrote: post #152
baccheion wrote: post #139

Earlier quoted context omitted.

To regain youthful energy/creativity, you could try increasing testosterone. Even topical pregnenolone + DHEA (5 mg : 5 mg) along with a multivitamin + D & K + chelated/TRAACS magnesium supplement may be effective. Given your age, there are also anti-aging benefits. Iodine protocol. MSM lotion. Would execution ability have been sufficiently improved by reading/observing more? What makes you now better at executing?

Or you could skip the dubious body hacker drug BS and just be more physically active.

That's also great, but it doesn't have as strong an effect.

Re: Research: The Average Age of a Successful Startup Founder Is 45

#156

Post by bizkitgto »

killjoywashere wrote: post #82
mikekchar wrote: post #77

Earlier quoted context omitted.

Speaking as someone who is 50, I would say you have 2 choices: take your risks early so you have time to recover from them before you retire, or take a very low risk approach to your early career and save a lot of money so that you can afford to take risks later in your career.

3) work for big corp, have idea that can't be done small, and successfully pitch internally. Move vertically internally. Not as sexy, but much more likely to succeed if your goal is the idea.

Nah, someone will steal your work and get credit. Big companies are full of passive aggressive co-workers who won't think twice to screw you over.

Re: Research: The Average Age of a Successful Startup Founder Is 45

#157

Post by mywittyname »

replicatorblog wrote: post #20

Who is the most famous tech founder who was 45 or older when they founded their first company? There were more in the 70s, 80s, or 90s (E.g. Jim Clark) because the industry was still forming, but even then the wunderkind college dropout drove most of the value creation. In the modern era, Peter Gassner, founder of Veeva was 42. Diane Greene founded VMWare at 43. Brian Acton was 38. You start falling into the 30s fair…

Gordon Moore was 37 when Intel was founded.

I think part of this is the fact that young founders are in the game longer. A 20 year old will have 20 years of high-growth compounding on their wealth over a 40 year old just getting into the game. When you're using market cap as the measuring stick, it will usually favor those who've been in the game longer.

Re: Research: The Average Age of a Successful Startup Founder Is 45

#158

Post by bizkitgto »

canadapups wrote: post #50
formalsystem wrote: post #29

I always find it interesting when these sorts of threads are posted. I for one look at them as am I too old to be starting my own company or should I chill out because I still have time. Fundamentally I think there's limited value in drawing lessons from these stories because you're probably your own best judge of whether you should quit your job or not. Your risk tolerance lowers as you get older but your skills wil…

I learnt to code and started my online business in my 30s because it's fun. Age shouldn't stop anyone from fun.

Just out of curiosity, how did you learn to code on your own and what did you build?

Re: Research: The Average Age of a Successful Startup Founder Is 45

#159

Post by canadapups »

bizkitgto wrote: post #158
canadapups wrote: post #50

Earlier quoted context omitted.

I learnt to code and started my online business in my 30s because it's fun. Age shouldn't stop anyone from fun.

Just out of curiosity, how did you learn to code on your own and what did you build?

I built CanadaPups.com.

At first I started to learn by reading Computer Science 101 textbooks. The intro MIT textbook is in python and has more depth than other CS101 books. (Guttag, John. Introduction to Computation and Programming Using Python.)

I then went practical, I learnt Ruby on Rails via https://www.railstutorial.org/. It was good to provide me with mental framework of how websites are built... html, coding and database.

For the actual CanadaPups project, I switched from Rails to Django because I found Rails to be too confusing (maybe due to my inexperience at the time).

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