It’s widely believed that the most successful entrepreneurs are young. Bill Gates, Steve Jobs, and Mark Zuckerberg were in their early twenties when they launched what would become world-changing companies. Do these famous cases reflect a generalizable pattern? In fact, the average age of entrepreneurs at the time they founded their companies is 42. But what about the most successful startups? Is it possible that companies started by younger entrepreneurs are particularly successful? Rese...| Harvard Business Review
Reprint: R0802G Why do people start businesses? For the money and the chance to control their own companies, certainly. But new research from Harvard Business School professor Wasserman shows that those goals are largely incompatible. The author’s studies indicate that a founder who gives up more equity to attract cofounders, new hires, and investors builds a more valuable company than one who parts with less equity. More often than not, however, those superior returns come from replacing t...| Harvard Business Review