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The Advantages Of Older Entrepreneurs

Published September 09, 2022

If you want to take a conversation in an interesting direction, ask a group of adults what they think is the most popular age for entrepreneurship. The typical answer in my experience is the younger generation.

Among older adults, Steve Jobs (AppleAAPL +1.9%) and Bill Gates (MicrosoftMSFT +2.3%) might be mentioned. Younger adults could highlight founders Evan Spiegel (Snap) and Jack Dorsey (Twitter).

Someone always seems to quote Meta's Mark Zuckerberg famous (or to my mind infamous) remark at Stanford University years ago that "Young people are just smarter."

Yet America's hotbed of entrepreneurship increasingly lies with the older generation. The data in the aggregate tell the story. The Kauffman Foundation figures about one-quarter of new entrepreneurs in recent years have been ages 55 to 64 years.

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