What do successful entrepreneurs look like?

Well, for one thing, they are a lot older than you think.  This according to research by Vivek Wadhwa, a Duke University researcher who worked with the Kauffman Foundation in 2009.  As reported in the Huffington Post:

Wadhwa’s survey of over 500 startups operating in “high-growth industries” showed that the average founder of a successful company launched his or her venture at the surprisingly high age of 40. The study also found that people over 55 are almost twice as likely to launch high-growth startups than those aged 20 to 34.

And gray entrepreneurs outpacing green ones isn’t an isolated trend that’s only occurred in the past few years. “In every single year from 1996 to 2007, Americans between the ages of 55 and 64 had a higher rate of entrepreneurial activity than those aged 20-34,” says Dane Stangler, a research manager at Kauffman.

Makes a baby boomer proud.  You can read more about the importance of older entrepreneurs here, here and here.

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