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The best age for starting a startup is 40 years

Oddly enough, in a mature age an entrepreneur is more likely to succeed in business. The ideal start-up man is a 40-year-old man, with his wife and two children. These are the results of the study “Anatomy of an entrepreneur: marital status and motivation”, conducted in the United States, where more than half of the population works in small business.

A survey of 549 startups in the most promising sectors of the economy (30.4% of respondents represent IT) showed that the main reason for creating a successful startup is making money. Other motivational factors are a thirst to realize a business idea, an old dream about your business, a craving for a start-up culture and a loss of interest in working in a foreign company.

A successful entrepreneur usually has worked from 6 to 10 years as a hired employee in a firm with a corresponding profile. He was born in a poor family (42.5% of cases - the first child), received a good education, and at school was one of the best students in the class.
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While studying at the university, half of the future entrepreneurs did not even think that they wanted to start their own business, or did not find it interesting.

Curiously, 58% of American entrepreneurs founded more than one company. From this we can conclude that the first experience is not always successful. Approximately 8% of entrepreneurs founded five or more companies.

Of course, this study is not devoted entirely to the IT industry, where innovation and research and development are very important. As you know, most of the great discoveries are made by scientists at a young age, up to 30 years. Young Brin and Page discovered the PageRank algorithm while still students. Of course, there was no point in waiting up to 40 years before starting a business. Consequently, in IT young entrepreneurs are much more likely to launch a successful project.

But the Duke researchers accurately reflected the point of view of venture investors, who ultimately decide whose startup to finance. In their opinion, the old horse does not spoil the furrow.

Source: https://habr.com/ru/post/68987/


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