Phil Hauck's TEC Blog

Wednesday, September 29, 2010

Being Entrepreneurial Older is Getting Better

According to a Duke University study of 549 successful technology startups, older entrepreneurs have higher success rates .. due to their greater accumulated expertise, deep knowledge of customer needs, and a larger network of supporters.
And, according to the Kauffman Foundation which studies business entrepreneurism, the highest rate of entrepreneurship in the U.S. has shifted to the 55-to-64 age group, with people over 55 twice as likely to found successful companies as those 20-to-34.
Other studies also suggest the dropoffs in creativity and productivity are happening much later in life than previously.

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