Wednesday, June 27, 2018

Silicon Valley's ideal entrepreneur is about 20 years too young, research shows

There is a powerful new study about entrepreneurship with great implications for the economy and those of us in the second half of life.

"A new study found the average founder of the fastest growing tech startups was about 45-years-old — and 50-year-old entrepreneurs were about twice as likely to have a runaway business success as their 30-year-old counterparts."

"The new study by Jones, Javier Miranda of the U.S. Census Bureau and MIT's Pierre Azoulay and J. Daniel Kim, looked at an expansive dataset and found the most successful entrepreneurs are middle-aged.

"Take David Duffield, who founded Workday in 2005 at the ripe age of 65.  Workday went public in 2012 and today has a $26.47 billion market cap.  Whereas younger founders may benefit from their creative thinking and lesser degree of entrenchment in an industry, the exact opposite qualities work to the benefit of their older counterparts."

"Older entrepreneurs have had years to build their business, leadership, and problem-solving skills, as well as to accumulate the social and financial capital needed to get a startup off the ground. Jones also points out that even companies like Apple and Microsoft that were founded by exceptional young entrepreneurs didn't achieve their most rapid market capitalization growth until later, when their founders were older. The iPhone entered the market when Steve Jobs was in his 50s"

There are almost endless opportunities for older entrepreneurs to meet business and community challenges with innovative entrepreneurial solutions.  Take hold of this option.  Give yourself permission to explore, then plan, then take action.  The world needs you, and the challenge will make you stronger.

Link to the CNBC article quoted above

Sunday, June 24, 2018

AARP's new ad - 'The rules of aging are changing'

AARP has long been an effective advocate for older citizens.  I'm a member.  But it's been hard to get too enthusiastic about their approach to publicity and outreach in the past.

Things are changing.  Lots of smart new approaches are emerging.

AARP brands their Purpose Prize with the great phrase, ' Making a Difference is Ageless.   As a Purpose Prize Fellow, I like that a lot.

They've been posting a new TV commercial that is also a significant change from their past branding.  It's pretty cool.

The spot is called 'The rules of aging are changing.'  It shows a wide range of people from all ages and all walks of life interacting and making contributions.  One of my favorite lines is: "Too old?  Too young?  No, we're in this as one."

There are all kinds of roles for those of us in the second half of life.  Valuable, fulfilling roles that make a difference in our communities, including the role of ageless entrepreneur.

Watch the new spot,  'The rules of aging are changing'