In the article titled “Age and High-Growth Entrepreneurship” (written by Pierre Azoulay, Benjamin F. Jones, J. Daniel Kim, and Javier Miranda), the authors examine the relationship between age and entrepreneurial success using data from the U.S. Census Bureau. Contrary to popular belief, the study finds that successful entrepreneurs are typically middle-aged rather than young. The mean age of founders for the fastest growing new ventures, representing the top 1 in 1,000, is 45 years old. These findings hold true across various sectors, including high-technology industries, entrepreneurial hubs, and successful firm exits. Furthermore, prior experience in a specific industry significantly predicts higher rates of entrepreneurial success. These results challenge the common misconception that youth is a determining factor for entrepreneurial success.
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