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Are successful entrepreneurs #actually middle-aged (on average)?

Summary:
Return the Corvette, stop eating voguish green grotesqueries, ignore the creeping existential dread.* You’ve got a company to found and your banal midlife crisis will have to wait.An upcoming NBER paper from Pierre Azoulay, Ben Jones, Daniel Kim, and Javier Miranda reveals that the average age of US startup founders between 2007 and 2014 was a mature 41.9 years old. The paper hasn’t been released, but slides from the authors’ presentation at the NBER Summer Institute are publicly available — hat tip to Joshua Gans.From the deck:The numbers remain similar when narrowing the focus to the tech sector or looking at different geographic regions.And as for why the notion persists that great entrepreneurs must be found only among the young, hungry and restless, the authors appear to suspect that

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Return the Corvette, stop eating voguish green grotesqueries, ignore the creeping existential...

Cardiff Garcia
Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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