20-year-old entrepreneur is a lie, claims MIT study
A study conducted by Massachusetts Institute of Technology (MIT) claims "the 20-year-old entrepreneur is a lie" and added that new ventures with the highest growth have an average founder age of 45. Further, less than 1% of high-performance startup firms were founded by 20-year-olds. The study analysed 2.7 million people who founded businesses between 2007-2014 with at least one employee.