And for this group of self-starters, it’s not just their talents that got them far. Still, that doesn’t stop some of the youngest entrepreneurs from breaking into Silicon Valley. Plus, they likely have accumulated the social and financial capital needed to get a startup off the ground.Ĭompanies like Apple and Microsoft also didn’t achieve their most rapid market capitalisation growth until much later, even though they were founded by exceptional young entrepreneurs, according to Jones. They would have years to build their business, leadership, and problem-solving skills. The study, however, shows that 50-year-old entrepreneurs were about twice as likely to have a runaway business success as their 30-year-old counterparts.
“People like unusual stories, and the fact that a very young person could be very successful is not the norm, as we show in our analysis, and therefore, perhaps, attracts outsized attention,” said Benjamin Jones, Northwestern University professor and researcher on the study. įamous instances of wildly successful 20-somethings, such as Bill Gates, Steve Jobs and Zuckerberg, only reinforce this bias. Young people are digital natives, thought to be smarter, less distracted by family, and less restricted to current industry paradigms, according to the study. His narrative is not uncommon in Silicon Valley. “Young people are just smarter,” Facebook CEO Mark Zuckerberg once said. Has Silicon Valley lost its spark among the youngest entrepreneurs? These success stories of today’s youngest entrepreneurs portray a world where everyone, including college students, can come up with the next Facbeook, Apply and Microsoft.īut a study has shown that the technology’s romantic idea of the young, enterprising entrepreneur may be off by about 20 years.
At 25, Wang has a net worth of over a billion dollars. His company, Scale AI, helps companies like Uber, Toyota, and Airbnb optimise their artificial intelligence systems. Look at Alexandr Wang, and you might say that Khosla’s words ring true.
Alexandr Wang (far right), one of the youngest entrepreurs today, attend the 2023 Milken Institute Global Conference at The Beverly Hilton on in Beverly Hills, California.
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