This is partially why the average age of a successful founder is late 30s to early 40s at the time of founding.
There’s a lot of focus in the media and in accelerators on the 22 year old with a dream, but it’s nice to have a real adult in charge when the stakes are high.
Not to mention, if you have no work experience, you have no idea what problems are worth solving. So you end up with junk startup ideas from the latest fad / hype cycle.
But a senior partner at a law firm knows the pain points of being a lawyer and they can now start a company to fix them.
And a senior quant at a hedge fund might have some good ideas for automating tedious back office processes.
There’s a lot of focus in the media and in accelerators on the 22 year old with a dream, but it’s nice to have a real adult in charge when the stakes are high.
Not to mention, if you have no work experience, you have no idea what problems are worth solving. So you end up with junk startup ideas from the latest fad / hype cycle.
But a senior partner at a law firm knows the pain points of being a lawyer and they can now start a company to fix them.
And a senior quant at a hedge fund might have some good ideas for automating tedious back office processes.