ENTREPRENEURSHIP

Detailed explanation-1: -No one ever said that you can’t be a successful entrepreneur at age 22 or 62. There are many. But research definitely points to the fact that education, experience, opportunity, network, and funding all come together in the mid-30s and position a founder to have the best chance of success.

Detailed explanation-2: -Yet age is an easy-to-measure proxy for a broad constellation of age-related factors (e.g., human capital, health, wealth, and discrimination), and these age-related factors may independently and simultaneously influence entrepreneurs’ chance of success, possibly in different directions.

Detailed explanation-3: -The confidence of the entrepreneur depends on his age While the entrepreneurial spirit is not sensitive to age, the same cannot be said for confidence. The results show that both confidence in the future and trust in one’s success decrease with the age of the company founder.

Detailed explanation-4: -Serial entrepreneurs own more than one business at a time.