Many have argued that entrepreneurship is a young man’s game. Look no further than the storied entrepreneurs of Silicon Valley. Mark Zuckerberg. Evan Spiegel. Elon Musk. Larry Page. Sergey Brin. Steve Jobs. All of these individuals achieved success before turning 30.
But is it really the case that young people are more likely to succeed in entrepreneurial ventures? Or, is there more to the story than meets the eye?
New research forthcoming in the American Economic Review casts doubt on the idea that youth is advantageous when it comes to entrepreneurial success, especially in the case of high-growth entrepreneurship.
A team of researchers led by Pierre Azoulay of the Massachusetts Institute of Technology investigated the connection between age and high-growth entrepreneurship.