What’s the right age to start a company?

Nov 2013
business start-up
Reference: inc; Kauffman Foundation

 
 
Some of the most famous entrepreneurs in the world, started their hugely successful businesses in their late teens or twenties: Mark Zuckerberg, Steve Jobs, Bill Gates, Larry Page and Sergey Brin, Michael Dell, to name but a few. But does that mean that you’re over the hill if you’re over 25 and want to start a business?

Of course the aforementioned entrepreneurs started US technology companies. So maybe there’s an argument that emerging technologies is the territory of the more youthful. However, Wikipedia’s Jimmy Wales and Netflix’s Reed Hastings started their business in their late thirties – much closer to the US average of 39. 

Wales even posted on Quora, the question and answer website, “How can we in the tech community make sure that unusual success at a very early age is not mistakenly thought to be the norm?”

In the States, twice as many entrepreneurs over 50 start tech-related ventures as those under 25, according to the Kauffman Foundation. 

It’s not necessarily about age – it’s more about having the opportunity to immerse yourself in the market you’re interested in, the willingness to dive off the deep end, really commit, learn quickly and minimise your opportunity cost.

Follow your passion; there is no age limit.

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