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by mattmanser 2165 days ago
Middle aged founders are the norm and more likely to take risks because they have financial backing and experience. They're also going to have been exposed to genuine opportunity, instead of a resume builder a college grad might think was a clever idea, and anyone else thinks is kind of a waste of time, as evidenced by the comments here.

It's always been the case, it always will be the case.

With the briefest of Googles you can even find out that's true even in the high-growth tech space:

https://hbr.org/2018/07/research-the-average-age-of-a-succes...

1 comments

I think there's selection bias for success stories of both young and middle aged founders. For middle aged founders, I feel like the ones that you hear about, i.e. having worked in the industry for a number of years before spotting a good opportunity, also need to be fortunate enough to be in a position for all those things to line up as well. For me, I couldn't see that ever happening down my career if I stayed in my finance job, only being shackled to my job by the high pay. The opportunity cost of quitting gets worse as you become more senior. But who knows, I could be wrong. In my case it also made it easier that I didn't really like my job and that my boss was an idiot.
If you actually pay attention, you will see opportunity everywhere at your job.

Even if it's just copying your employer.