How Old Are Successful Tech Entrepreneurs? (2018)

While the paper does not attempt to pick apart all the mechanisms behind success, it does offer an enlightening insight: founders with three or more years of experience in the same industry as their startup are twice as likely to have a one-in-1,000 fastest-growing company. Jones also wants to investigate a puzzle that the paper introduces: while older people build stronger companies, venture capitalists nonetheless invest disproportionately in firms with younger founders. Perhaps this is because young people tend to have fewer financial resources, so venture capitalists intentionally target them, knowing that they are likely to get a better stake in the company.

Source: insight.kellogg.northwestern.edu