Wahee! Us old farts are helping to driving the economy!
Immigrants and baby boomers are fuelling the rise of the entrepreneur - Telegraph
But, just as importantly, the original baby boomers, those born in the 1950s and 1960s, are establishing what is often a second career as entrepreneurs. The teenager who has just sold his whizzy new app to Facebook for a few hundred million might attract publicity, but the typical hi-tech entrepreneur is as likely to have grey hairs as a hipster beard. The Mark Zuckerbergs are actually fairly rare.
According to Kauffman Foundation, the percentage of entrepreneurs aged 55-64 has risen from 14pc of the total in 1996 to 23pc now, while those aged 20-34 fell from 34pc in 1996 to 23pc. You might expect twenty-somethings to have the edge, but actually they don’t. In the US, the average age for the founder of a new tech business is 39, while twice as many are older than 50 than younger than 25.
According to Kauffman Foundation, the percentage of entrepreneurs aged 55-64 has risen from 14pc of the total in 1996 to 23pc now, while those aged 20-34 fell from 34pc in 1996 to 23pc. You might expect twenty-somethings to have the edge, but actually they don’t. In the US, the average age for the founder of a new tech business is 39, while twice as many are older than 50 than younger than 25.
Yay !
Comment