14 Apr A Startup Has No Age Requirement
Today, just about anyone with an idea can start a business. However, business success depends on having a great idea, a desire to innovate, and the drive needed to get a business off the ground. That drive knows no age limit, which makes starting a company is possible at any age.
Many venture capitalists have openly stated their preference for funding youthful founders. Thanks to initiatives like venture capitalist Peter Thiel’s “20 under 20,” which offers students $100,000 to forego college, entrepreneurs are getting younger and younger.
And yet, a number of reports have surfaced in recent years to reflect that more experienced entrepreneurs can think differently too. The Kauffman Foundation posted a report on how 5,000 startups launched in 2004 fared over time. They found that “firms surviving through 2008 were much more likely than firms that exited over the period to have primary owners older than 45.”