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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. Gergely Svigruha‏ @gsvigruha 9 May 2019
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      Gergely Svigruha Retweeted Rob Henderson

      There could be a selection bias. Those are not good at it stop at a young age.https://twitter.com/robkhenderson/status/1124666169879859201 …

      Gergely Svigruha added,

      Rob Henderson @robkhenderson
      -The average age of a successful startup founder Is 45 yrs old -A 60-year-old founder is 3 times as likely to found a successful startup as a 30-yr-old founder -A 50-year-old entrepreneur is twice as likely to start a successful company as a 30-yr-old https://hbr.org/2018/07/research-the-average-age-of-a-successful-startup-founder-is-45 … pic.twitter.com/uOmHnao0WT
      1 reply 0 retweets 0 likes
    2. Molson Hart‏ @Molson_Hart 10 May 2019
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      Replying to @gsvigruha

      When you start a company at 45, the stakes are much higher, given that you most likely have a family. You're not only more selective but experienced and this more likely to be successful.

      1 reply 0 retweets 0 likes
    3. Gergely Svigruha‏ @gsvigruha 10 May 2019
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      Replying to @Molson_Hart

      Yeah true. I guess my point is its not easy to tell how much of this effect is due to people learning from experience and selection. And when you want to apply this rule to yourself only the experience part matters.

      1 reply 0 retweets 1 like
    4. Gergely Svigruha‏ @gsvigruha 10 May 2019
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      Replying to @gsvigruha @Molson_Hart

      As in should i keep trying until im 50 even if im unsuccessful? If its all experience yes, if its all selection no. The answer is in between.

      1 reply 0 retweets 0 likes
    5. Molson Hart‏ @Molson_Hart 10 May 2019
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      Replying to @gsvigruha

      There's a selection bias in the opposite direction. People who are already successful, assuming you believe entrepreneurship is a skill, before 45 will be less likely to start a company later, given that they already have a successful one. There are a lot of different factors

      1 reply 0 retweets 1 like
    6. Molson Hart‏ @Molson_Hart 10 May 2019
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      Replying to @Molson_Hart @gsvigruha

      As you said, there's no reason to look at this generally. Just look at it as your samplesize of 1.

      1 reply 0 retweets 0 likes
    7. Gergely Svigruha‏ @gsvigruha 10 May 2019
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      Replying to @Molson_Hart

      Maybe it would still be possible to do a cohort analysis. Like follow a group of young entrepreneurs throughout their lives.

      1 reply 0 retweets 0 likes
      Molson Hart‏ @Molson_Hart 10 May 2019
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      Replying to @gsvigruha

      Meh, just ask successful and failed ones. Read between the lines. Much easier, faster, and better.

      8:49 AM - 10 May 2019
      0 replies 0 retweets 0 likes

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