😶 The 20-year-old entrepreneur is a lie

Good ideas come at any age, but it takes experience to turn them into success stories. Steve Jobs was 21 when he helped found Apple, but he was a 43-year-old CEO when the company created the iMac.

According to a working paper from MIT Sloan professor Pierre Azoulay and PhD student Daniel Kim, the average age of entrepreneurs who’ve started companies and gone on to hire at least one employee is 42 years old.

Steve Jobs and Bill Gates started their respective companies in their early 20s, as indicated by the vertical lines. But Apple and Microsoft stocks peaked when both were in their 40s.

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