“The average founder of a high-tech startup isn’t a whiz-kid graduate, but a mature 40-year-old engineer or business type with a spouse and kids who simply got tired of working for others,” says Duke University scholar Vivek Wadhwa, who studied 549 successful technology ventures. And “according to data from the Kauffman Foundation, the highest rate of entrepreneurship in America has shifted to the 55–64 age group, with people over 55 almost twice as likely to found successful companies than those between 20 and 34.”
Despite compelling evidence that we should be seeking out more experienced workers, we continue to put our eggs in the ‘younger the better’ basket. If we want an injection of innovation, it’s time we recognize that life doesn’t end at age 40.
Via Bob Corlett