YC and dropout culture have convinced us the ideal founder is 22, straight out of school, but the data tells a different story.
Some interesting data:
- An MIT study of 2.7 million US founders found that the average founder was 47 when starting a company that later exited through an acquisition or IPO.
- The same study cited that the founders of the fastest-growing 0.1% of U.S. startups were 45 years old on average when they started their companies.
- A 50-year-old founder was approximately twice as likely as a 30-year-old founder to produce an acquisition or IPO.
- Founders with at least three years of relevant industry experience were twice as likely to build a top-0.1%-growth company as founders with none.
So it seems that experience is one of the strongest advantages a founder can have.
Two lessons here:
1. It's never too late to start
2. It might actually be TOO early to start; getting work experience is worth considering
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My absolute favorite products:
- Viktor: our AI employee
- Stanley: my AI head of content
- Wispr Flow: speaking > typing
- Matic: vacuums and mops daily
- Endel: generates tunes for focus
- Eight Sleep: best sleep I've ever had
- Oura + Superpower: tracks vitals and health
- Instinct: my personal + business AI assistant
What a time to be alive.
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Legendary tech rebrands:
Sales → GTM
Marketing → Growth
Freelancer → Fractional executive
Executive assistant → Chief of staff
Business development → Partnerships
Customer support → Customer success
Software engineer → Member of technical staff
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