Most Successful Tech Founders Are Older than You Think

by Developer.com Staff

The stereotype of the hot young developer starting a wildly successful tech firm is more myth than reality.

A new working paper from the National Bureau of Economic Research finds that among startups that hire at least one employee, the average age of the founder is 41.9 years old. Flying in the face of conventional stereotypes, older entrepreneurs were much more successful than younger ones. "For example, the 1,700 founders of the fastest-growing new ventures (1 in 1,000) in our universe of U.S. firms had an average age of 45.0 (compared to 43.7 for the top 1% and 42.1 for the top 5%)," the report stated.

The authors added, "Overall, we see that younger founders appear strongly disadvantaged in their tendency to produce the highest-growth companies."

View article

This article was originally published on Wednesday Apr 11th 2018
Mobile Site | Full Site