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Why Older Entrepreneurs Have the Edge - Knowledge at Wharton

knowledge.wharton.upenn.edu · 1,870 words · saved by 2 readers

Research co-authored by Wharton's Daniel Kim busts the popular myth that the most successful startups are founded by whiz kids. J. Daniel Kim Knowledge at Wharton Staff Wharton's Daniel Kim discusses his research on the role of age in founding a successful startup. Mark Zuckerberg and Bill Gates founded their pathbreaking companies when they were still in their teens. Steve Jobs founded Apple at 21. Their stories, which get a lot of media attention, have many believing that younger entrepreneurs are the most successful. However, research from Wharton management professor J. Daniel Kim shows they are exceptions to the rule, and that the average age of successful entrepreneurs is actually a lot older. The study, “Age and High-growth Entrepreneurship,” determined the most successful founders in the United States are in their 40s. Javier Miranda, principal economist at the U.S. Census Bureau; Benjamin Jones, professor at the Kellogg School of Management at Northwestern University; and Pier

Mark Zuckerberg and Bill Gates founded their pathbreaking companies when they were still in their teens. Steve Jobs founded Apple at 21. Their stories, which get a lot of media attention, have many believing that younger entrepreneurs are the most successful. However, research from Wharton management professor J. Daniel Kim shows they are exceptions to the rule, and that the average age of successful entrepreneurs is actually a lot older. The study, “ Age and High-growth Entrepreneurship ,” determined the most successful founders in the United States are in their 40s. Javier Miranda, principal

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