It makes sense that the average is roughly in that bracket, and that you wouldn't know it if you just read the news.
Someone young starting a company that grows massively is in itself newsworthy in the modern world. So you tend to think those stories will float to the top regardless of what industry they're in. On top of that, when is someone young with no connections or experience going to have a chance? In a new industry, where everyone is like that. And new industries are unsurprisingly also newsworthy.
But not everything is some revolution that's about to explode and eat the world. Quite a lot of new businesses are only identifiable as opportunities by people who've been in an old business.
For instance a friend of mine just did a seed round for a finance startup that you'd have problems understanding if you didn't work in fund management. And of course he has the connections needed to get the first customers. Mid forties.
Another friend, also mid-forties, is doing the same in pharma. He found yet another thing that you'd never know was a problem if you hadn't worked in the industry.
Someone young starting a company that grows massively is in itself newsworthy in the modern world. So you tend to think those stories will float to the top regardless of what industry they're in. On top of that, when is someone young with no connections or experience going to have a chance? In a new industry, where everyone is like that. And new industries are unsurprisingly also newsworthy.
But not everything is some revolution that's about to explode and eat the world. Quite a lot of new businesses are only identifiable as opportunities by people who've been in an old business.
For instance a friend of mine just did a seed round for a finance startup that you'd have problems understanding if you didn't work in fund management. And of course he has the connections needed to get the first customers. Mid forties.
Another friend, also mid-forties, is doing the same in pharma. He found yet another thing that you'd never know was a problem if you hadn't worked in the industry.