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I generally agree but aren't most successful startup founders 30+?
It depends on the type of business. There a lot of successful founders under 30 who has b2c products which means targeting young people and faster customer lifecycle. For b2b side you might be right.
Maybe because of leveraged relationships that have been built over time with B2B - Trust, Reputation, Credibility?
Is market cap the most appropriate measure of success? Isn't a market of dozens or even hundreds of smaller companies within a segment far more vibrant and potentially innovative(not to mention better for consumers) than megalithic corporations that dominate multiple segments?
Your measure is relevant, but so is @paulg’s. Both measures give insight into the problem, so one measure is not more ”appropriate” then another.
Which of smaller vs larger companies are more innovative is a harder question to answer. But if we’re talking impact, then largecorps
Not weighted by market cap but I’d feel much more at ease knowing I had a 20/30% probability of millionaire success that <1% chance of billionaire success
The expected value is 300k vs 10 million.
Wow, did totally not know this. Read so much of trad. media saying that older people (30 - 40+) was the age to maximize chance to build a successful company. I guess my mistake was listening to traditional media once again.
Can you explain further?
Amazon was in bezos 30s?
I've seen the same, in studies like this: https://hbr.org/2018/07/research-the-average-age-of-a-successful-startup-founder-is-45 … Is there public literature showing the distribution of the market cap-weighted age of startup founders? (Saying this as someone contemplating get a few more years of experience before building a company)
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