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...