“What is the average to be an entrepreneur?”, I asked google.
Since first glance, start-ups seem to be the exclusive domain of the young. Not surprising: it takes a certain brashness, loads of optimism and energy to take the plunge.
Not to speak of comparatively fewer responsibilities, and many years of working life ahead to recover, should the new venture sink without a trace.
However, on actually digging a little deeper, I got results from both sides of the spectrum.
On the one hand there were people , rather kids like Shubham Banerjee and the other hand people like Colonel Sanders.
After ‘Googling’ how blind people read, thirteen year old, Shubham Banerjee from Santa Ana, California created Braigo, a Braille printer, with a Lego Mindstorms EV3 kit.
Banerjee has since launched his first company, Braigo Labs, in order to develop low-cost machines to print in Braille. Intel Corp. recently invested in his startup. By the time he turned thirteen he had secured funding worth hundreds of thousands of dollars from Intel, at the Intel Global Capital Summit. While Banerjee had put his heart and soul into creating the Lego prototype of Braigo (coined from Braille and Lego), he is happy that with this funding he can concentrate on mass producing the most optimum version of the machine possible. All this while attending school of course.
There is no age bar for entrepreneurship. It’s never too late to start. Colonel Harland Sanders, founder of the Kentucky Fried Chicken, a chain of fast food restaurants based in Louiseville, Kentucky in the United States, was recognised by the world as a businessman when he was in his 60s.
But part of the reason youth culture reigns in Silicon Valley is that the region is dominated by Internet firms, a relatively new sector for which start-up costs are low and only minimal prior business expertise is necessary. Venture capitalists may also like
working with young people because they are more impressionable and have fewer bad habits to unlearn.
Still, start-ups in some industries, such as biotech and business software, gain an edge from the experience that comes with a founder’s age.
If you have the financial resources, the right network and, most important, a great idea,
age ain’t nothing but a number.