The “grand slams” of entrepreneurship most often come from inexperienced twentysomethings, according to Forbes.
20s: ‘We have this focus on disruption and speed’Īaron Levie, 28, cofounder and CEO of Box Other teen success stories: Summly was founded by Nick D’Aloisio at 15 Matt Mullenweg started Wordpress at 19 Jessica Mah started InDinero in her dorm room at age 19. Words of wisdom? “Surround yourself with people who are smarter than you,” Brusilovsky said. “Unlike Hollywood, you don’t start a company for fame or to become a billionaire,” said Brusilovsky, who said teens are motivated to “fundamentally change the way that something is done.” In our interview, I asked about the core distinction between child stars in Hollywood and teen tech entrepreneurs in Silicon Valley. “At a certain point, they can’t get much younger, or we’re going to be invested in preschool,” quipped venture capitalist Marc Andreessen in a recent interview with Reuters. Brusilovsky views teens as the most passionate and optimistic age group, and asked, “why wouldn’t you want to invest in that?” Most investors don’t have qualms about investing in teens, given that Facebook’s CEO Zuckerberg was just 19 when he launched in a Harvard dorm room. Since then, he has gone on to launch his own organization, dubbed “Teens in Tech Labs,” and he now heads up business at Ribbon, a selling platform that prominent investor Tim Draper backed. By 17, editor Michael Arrington had fired him for allegedly receiving bribes in exchange for coverage. TechCrunch offered the young hacker when he was 16. We have seen his star rapidly rise, only to crash and burn, and revive again. Teens: ‘Why wouldn’t you invest in passion?’ĭaniel Brusilovsky, 20, Founder of Teens in Techīrusilovsky’s is a Silicon Valley Internet boy genius. So if you’ve ever wondered what’s it like to start a company as a teen, twentysomething, or much later in life, this one’s for you. Still, starting a company is a highly-personal decision. They found that “firms surviving through 2008 were much more likely than firms that exited over the period to have primary owners older than age 45.”
“It may sound bizarre to outsiders, but we - investors - are keen on paying a premium to partner with very young first-time founders that simply think differently before the rest of us,” said Niko Bonatsos, a principal at General Catalyst.Īnd yet, a number of reports have surfaced in recent years to reflect that more experienced entrepreneurs can think differently too. The Kauffman Foundation posted a report on how 5,000 startups launched in 2004 fared over time. Miller, Associate Professor of School Psychology at University at Albany, State University of New York Ken Norton, LICSW, Executive Director of NAMI New Hampshire Scott Poland, Ed.D.“People under 35 are the people who make change happen,” said venture capitalist Vinod Khosla in 2011. “People over 45 basically die in terms of new ideas.” Special thanks to: Miana Bryant, President and Founder of The Mental Elephant Jill Harkvay-Friedman, PhD, Vice President of Research at the American Foundation for Suicide Prevention Nadine Kaslow, PhD, ABPP, Professor in the Department of Psychiatry and Behavioral Sciences at Emory University School of Medicine Marshall Korenblum, Associate Professor, Faculty of Medicine, Department of Psychiatry, University of Toronto David N. Producers: Cosima Amelang & Mary Beth McAndrews, Senior Photo Editor: Kurt Mutchler, Graphics: Oscar Santamariña, Developer: John Kondis, Video: Edythe McNamee, Color: Shane Barger If you or someone you know is in crisis, call the National Suicide Prevention LifelineĪmerican Foundation for Suicide Prevention
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