Younger entrepreneurs bring several advantages to startups: a willingness to innovate, tolerance for failure, and a native facility with new technologies.
“Action springs not from thought, but from a readiness for responsibility.”
Three Advantages of Younger Entrepreneurs in B2B Startups
“You may have noticed, the less I know about a subject, the more confidence I have, and the more new light I throw on it.”
Mark Twain quoted by Merle Johnson in “A Bibliography of the Work of Mark Twain“
- They are often more willing to try something “that’s been done before and didn’t work” and give it a new twist that can make all of the difference.
- A higher tolerance for failure and a desire to be the “first to do …” enables (spurs?) them to take risks older entrepreneurs avoid.
- They can often see possibilities from the intersection/interaction of multiple newer technologies that didn’t exist a decade or two ago. This can enable them to design very innovative offerings.
“The young do not know enough to be prudent, and therefore they attempt the impossible–and achieve it, generation after generation.”
Pearl S. Buck