“While it is a widely held belief that youth and entrepreneurship go hand in hand, research finds that more successful entrepreneurs launch their enterprises in their 40s than in their 20s… to the extent that venture capital targets younger founders, early stage finance appears biased against the founders with the highest likelihood of successful exits or top 1 in 1,000 growth outcomes.” Source: July 2018 NBER Digest
“Startups created roughly 3 million jobs annually between 1980 and 2010. Half of those jobs disappeared within five years because the startups failed.” (2015 US Census Bureau)
What IF the venture industry targeted and funded more intergenerational startups with 2 co-founders (from different generations) in their 20s AND 40s??