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What if everything you thought you knew about startup success was wrong? In today’s episode of It Gets Late Early, I’m breaking down the myth that young, hoodie-wearing entrepreneurs are the key to successful startups. Spoiler: the data proves otherwise.
According to MIT research, the average age of a high-growth startup founder is 42 — not 21. The top 1% of founders are even older, typically around 45 years old. Yet, venture capitalists continue to invest in young, inexperienced founders, ignoring the seasoned leaders with decades of experience.
I also tackle the growing age discrimination in tech, where older workers are pushed out despite having the experience and connections that drive success. Companies that embrace diverse ages and experiences in their teams are the ones that succeed.
Let’s flip the script on startup success. It's time to stop assuming that youth equals innovation. It’s never too late to go after your dreams, and age is an asset, not a liability.
“So just why is it that older workers tend to be more successful? Two words: life experience.”
~ Maureen Wiley Clough
In This Episode:
-Research from MIT: the truth about successful startup founders
-The age bias in venture capital and tech hiring
-Why older founders have an advantage over younger ones
-The challenge to venture capitalists: stop funding failure
-Encouraging older tech workers: your experience matters
And much more!
Resources:
-Free Guide to LinkedIn Job Hunting for the 40+ Crew - https://www.itgetslateearly.com/job-guide
-EEOC Special Report - https://www.eeoc.gov/special-report/high-tech-low-inclusion-diversity-high-tech-workforce-and-sector-2014-2022
-MIT Research on Age and High-Growth Entrepreneurship - https://mitsloan.mit.edu/shared/ods/documents?PublicationDocumentID=6212#:~:text=Our%20primary%20finding%20is%20that,growth%20new%20ventures%20is%2045.0.
-Ageism in Tech Hiring - https://www.linkedin.com/posts/maureenwclough_tech-ageism-hiring-activity-7369769952683171841-u7zS?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAACPAV4BMEaPyyLI0T1Hayp_eLtXH5AO5-4
-iPhone unveiling with Steve Jobs - https://www.youtube.com/watch?v=x7qPAY9JqE4
-Workplace Age Discrimination Cases Grow Nationwide - https://gbsbenefitsgroup.com/workplace-age-discrimination-cases-grow-nationwide/#:~:text=The%20Equal%20Employment%20Opportunity%20Commission%20(EEOC)%20has,Act%20(ADEA)%20as%20in%20fiscal%20year%202022
-Late-Career Job Losses Are Blurring What Retirement Looks Like in America - https://www.wsj.com/personal-finance/retirement/early-retirement-layoff-america-77c94667
Connect with Maureen Clough:
-LinkedIn: maureenwclough - https://www.linkedin.com/in/maureenwclough/
-Website: itgetslateearly.com - https://www.itgetslateearly.com/
-Instagram: @itgetslateearly - https://www.instagram.com/itgetslateearly/
-YouTube: @itgetslateearly - https://www.youtube.com/channel/UCGrHwk-y7ERaq7bCSjZYf1A?sub_confirmation=1
-Facebook: It Gets Late Early - https://www.facebook.com/people/It-gets-late-early/100088694515585/
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