The Average Age of a Successful Entrepreneur

Recent research from Northwestern University and the Massachusetts Institute of Technology has revealed that the average startup founder is not, in fact, a geek-chic millennial holding a freshly printed Ivy League degree. A team of researchers combed through data from the U.S. Census Bureau and the IRS on 2.7 million people who started businesses from 2007 to 2014. Their most interesting finding? The average entrepreneur is actually 42 years old. It is important to note that some of these entrepreneurs opened local ice creams shops or pizza joints. That said, the data also encompassed businesses like tech firms and venture-backed companies that are likely to see significant growth. The wisdom and experience these older founders brought to their startups also made them considerably more successful. […]

Source: The Average Age of a Successful Entrepreneur (and the Benefits of Starting a Business Later in Life)