Entrepreneurship, who says Young is good?

Foreign the founder of the founder Cato Adeo Ressi to TechCrunch (hereinafter referred to as TC) posted an article, put forward an interesting point: entrepreneurship, not necessarily young is good. In fact, he was refuting the point that TC put forward in April: 25 years old is the peak age for entrepreneurship.

The TC believes that young people are more creative and imaginative, able to devote hundreds of energies to their businesses, so the 25-year-old is more suitable for entrepreneurship. In this article, TC mentions Y http://www.aliyun.com/zixun/aggregation/16451.html ">combinator that the most suitable age for entrepreneurship is 26." However, TC does not think that more than 30 years old people are suitable for entrepreneurship.

First, Ressi an example of the founders of many big companies who are 30 years of age or older, for example:

LinkedIn's Reid Hoffman (35-Year-old) Twitter's Evan Williams (35-Year-old) Zynga's Mark Pincus (41-Year-old) HuffPo post Huffington Huffington (54 years old)

Older entrepreneurs still have some, such as SpaceX's Dean Kamen (60) and Elon Musk (39 years old). These people over the age of 30 have been active in the business world and have been creating value.

Ressi also found that in some companies, young founders collaborate with younger entrepreneurs, and the best-known example is Google's Larry Page and Sergey Brin, 46-Year-old Eric Schmidt at the age of 28. It was not until recently that Page was a new CEO, aged 38 years. Moreover, some young founder second-in-command replaced, such as Peter Thiel of PayPal.

Ressi believes that older people, their personality is more suitable for entrepreneurship. Using its own web site, Ressi A personality and competency test for 3,000 applicants, followed closely by 1000 entrepreneurs and 350 graduates, and hired analysts to analyze successful founders and failed cases to conclude that older people are actually better suited to business success. Because they contain three important personality traits, higher variable intelligence (Fluid FDI), a more open mind and a gentle temper.

Specifically:

Older people they have done more complex projects, such as buying a house, building a family, giving them the skills to deal with complex problems, and the ability to identify opportunities, in Chinese they have seen the same thing, and having higher variable intelligence means being able to learn and solve problems quickly, This is crucial for startups that are bursting with emergencies, a decision that can directly determine the life and death of a business, a more open mind, a more receptive attitude, and a key to an enterprise that needs to break the rules and find its way out. Having a more easygoing temper means being able to reach a better agreement with the company's partners, which is good for team building, and for startups, it's also self-evident.

Reesi also adopts data analysis to make data graphs to enhance its own conclusions:

Figure 1:age of founder Cato applicants at time of applying

As can be seen from this picture, applicants under the age of 30 only account for 39%, and 36% of the founders after graduation are less than 30 years of age. After graduation, the average age of entrepreneurs is 34.4 years old, what is their performance? See figure II, figure three:

Figure II: Configured of founder Cato graduated Companies

Figure III: Age of founder Cato graduates in time of graduation

Test conclusion: 53% of the time, the peer and mentor can be evaluated as successful entrepreneurs have 5%. The forecast will fail to account for 20% or more, in fact, only 14%.

Figure IV: Prediction of the Test Results measured against Peer reviews

All in all, age is nothing but a factor in predicting the success of an enterprise, no matter how old anyone can break its limits. Maybe there are many stories about young people starting a business, but the story can't decide the rules.

Are you over 30 years old? Don't be defeated by the stories of young people, you are in a good age to start a business!

Via TechCrunch

Source: http://www.ifanr.com/41777