‘Age’ of enlightenment?
It was refreshing to see new research
that shows the average age of a startup founder (when they start their company) is about 41.9 years of age among all startups that hire at least one employee. Among the top 0.1 percent of highest-growth startups, that average age moves up to 45 years old.
Listen to many Silicon Valley VCs, and they’ll tell you how they’re experts at 'pattern matching.’ Basically, they pick winners based on who’s won in the past. That’s a recipe for just investing in the same types of people over again, they become winners because other people like them have won in the past.
As Danny Crichton writes for TechCrunch
, “the same reason why older founders are ignored by the ecosystem is the same reason why women and other minorities struggle in the Valley: It’s really not about what you build, but what you look like while building it.”
I suspect in some cases, younger entrepreneurs with less life experience are often more malleable by the more controlling end of the VC spectrum, too.
One founder said: “Now I have emotional maturity and life experience. That helps with who to hire, what I want the culture of the company to be. I hate to think what 21-year-old me would have done in these situations, it would have been a trainwreck.”
So, if we’re finally getting around to addressing how fast and loose tech companies have played with our data, how about we address other misconceptions in tech, too?