Discover more from Unknown Unknowns
Age of Entrepreneurs
I’ve heard that the average age of an entrepreneur is in the 40s so it’s not too late to leave your job and start a company. I wonder if that’s because of survival bias. In other words, there are just as many young entrepreneurs as old entrepreneurs but the older ones are more likely to succeed.
It also makes me think of the information asymmetry between entrepreneurs and VCs. A common story of successful entrepreneurs is, “If I knew how hard it would be, I never would have started it.” VCs have a portfolio strategy to normalize their outcomes.