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Median vs tail outcomes?
Variance also increases with age. But empirically not the most extreme outliers. I.e., so big successes are more likely when older, but once-in-a-generation (MS, Amazon etc) are different.
Oops: the first sentence is based on the paper. The second sentence is my observation (about Gates, Allen, Bezos, etc...)
Support for your second observation https://hbr.org/2014/04/how-old-are-silicon-valleys-top-founders-heres-the-data …
Seems like very large publication bias towards young outliers leading to sample bias in public view?
variance also has median and tails
Five most valuable/once-in-a-generation tech companies: 1. Apple: $570.7B - Jobs: 21 - Woz: 26 2. Alphabet: $560B - Larry/Sergey: 25ish 3. Microsoft: $434B - Gates: 19 - Allen: 22 4. Amazon: $365B - Bezos: 29 5. Facebook: $354B - Zuckerberg: 19
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