It has been debated numerous times, do young, tech entrepreneurs have a better chance of being successful? Are the companies they start or the technologies they develop only successful with a young founder? Walter Frick of the Harvard Business Review compiled some interesting data from various sources. He concluded that 20-something founders are quite common among those who have built billion-dollar businesses, but also found that CEOs and Presidents are 42 years old on average, with a median of 42.
In the HBR article, Frick also mentions the fact that venture capitalist who invest in tech startups are very tolerant of younger founders — in fact may be more likely to fund a younger founder. One thing remains, no matter how young or old a founder, as an investor who’s examined hundreds of companies from a financial perspective, the founder is only a small piece of the “success puzzle”. If the market opportunity and the ability to scale the business are not there, the chances for billion-dollar success are limited.