Whether entrepreneurship is a young man's world now

When it comes to the success of a start-up, most investors and business experts prefer teams with a wealth of management experience. In their minds, those who have formed teams, written business plans, developed products, and compiled profit and loss statements, they have experience, not detours, simply speaking, experience is easier to succeed.

In fact, their ideas are not much wrong. It is true that there are past experience to learn from and continue to improve and grow, life is so, entrepreneurship even more so. Betting on these experienced teams is at least a safe return and good luck, but one thing is that the real "grand Slam" is often not experienced. It depends on young, inexperienced more than 20-year-olds.

Yes, yes, I mean, more than 20-year-old young man.

Textbooks don't write that, and VCs don't say that, of course, the MBA program won't teach you that.

I know, some would say, because I started the Lendio company at the age of more than 20, so I have this bias, but let's take a look at these facts first:

Some of the most successful entrepreneurs and their age at startup:

Founder of Google: Sergey (25 years old) and Larry Page (25 years old)

Apple founder: Steve Jobs (21 years old) and Wozniak (26 years old)

Microsoft founder: Bill Gates (20 years old) and Allen (22 years old)

Founder of Facebook: Mark Zuckerberg (20 years old)

Founder of Wal-Mart: Walton (26 years old)

Do you see any rules? Yes, they were the most successful companies to start between the ages of 20-26.

More than 20-year-olds have nothing to lose.

The main reason that more than 20-year-old young people can start a successful business is that they have nothing to lose. These young entrepreneurs have been dwelling in school dormitories, eating noodles every day. At that age they had no mortgage, no pressure to lend, and no need to maintain a luxurious lifestyle.

On the contrary, for the older, experienced entrepreneurs, to start a company, there must be a lot to think about. In general, at this stage of their careers, they have huge paychecks, live in upscale neighborhoods, drive luxury cars (perhaps with a monthly car loan), and if their spouses decide to start a business from scratch, they have to face a very grim reality. It is that they may lose their hard-earned and easy life. So when these experienced entrepreneurs plan to start a successful company, the realities of the world will follow, and they will inevitably think about hedging risks and planning every step of the company, which makes them more conservative.

More than 20-year-olds can put their heart and soul into one basket.

It is because there is nothing to lose, young "rookie" entrepreneurs can be a completely different way of thinking to solve the problem. There is no risk, no hedging, and the only thing in their mind is how to solve specific problems in the best way. And luckily, they have plenty of energy to Shing and work around the clock.

"When I was more than 20 years old, I never had a day off," he said. Not a day. --Bill Gates

Finally, because of the short hours, young entrepreneurs often have a lot of fresh ideas and opinions, which is completely different from the very common "this is supposed to be" mindset in most corporate boardrooms. Because the "rookie" solutions are always fresh, creative and groundbreaking.

If you are now 20 years old ...

Do it boldly!

There is never a better time to realize your entrepreneurial dream. Take the courage to fight and fight for your goal, and you'll finally be among the great entrepreneurs on the list. This will be a valuable lesson in your life, even if you fail in the end.