Friday, June 3, 2011
SV Angel: ?We Won?t Pass On Old Entrepreneurs?
There has been a lot of discussion recently about the "peak age" of entrepreneurs. "Old Guys Rule," said Vivek Wadhwa in 1999, citing data that showed that men over 40 who were married and with children have the highest chance of success (no data was shared on female entrepreneurs). But more recently there's been a definite trend, particularly in the consumer Internet and mobile space, towards very young founders. The peak age is around 25, said one venture capitalist, drawing a comparison to professional athletes. And SV Angel shared data on stage at TechCrunch Disrupt last week showing that more than 2/3 of startups that have $500 million or higher exits are started by entrepreneurs under 30 (see image above). To counter the counter-argument, Adeo Ressi argued earlier this week that older entrepreneurs are actually performing better on their Founder Institute aptitude tests, and they expect great things from them.