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Baby Boomers May Be Your Biggest Startup Competitors

Startup Professionals Musings

Partially due to the economy, but also due to longer, healthier lives and changes in job tenure, Boomers are now expected to stay in the labor force longer, and according to a USNews article, will likely dominate the labor market by 2024. Here are some indicative entrepreneurial facts from recent Kauffman studies and others. percent to 24.3

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Baby Boomers Are Surpassing Gen-Y As Entrepreneurs

Startup Professionals Musings

In the Kauffman Foundation Survey of nearly 5,000 companies that began in 2004, nearly two-thirds of the founders are now between the ages of 35 and 54. In every single one of the last 15 years, Boomers between the ages of 55 and 64 have had a higher rate of entrepreneurial activity than Gen-Y, aged 20–34. These trends seem likely to persist.

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Your Next Startup Will Likely Be Run By a Boomer

Startup Professionals Musings

In the Kauffman Foundation Survey of nearly 5,000 companies that began in 2004, nearly two-thirds of the founders are now between the ages of 35 and 54. In every single year from 1996 to 2010, Boomers between the ages of 55 and 64 had a higher rate of entrepreneurial activity than Gen-Y, aged 20–34. These trends seem likely to persist.

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Can You Trust Any vc's Under 40?

Steve Blank

To do this they have to accomplish five things; 1) get deal flow – via networking and legwork, they identify likely industries, companies and teams with the potential for rapid growth (less than 10 years), 2) evaluate those companies and teams on the basis of technology, market opportunity, and team.

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The Search For the Fountain of Youth – Innovation and Entrepreneurship in the Enterprise

Steve Blank

He believed that large companies handle sustaining innovation – evolutionary changes in their markets, products, etc. But most large companies find it hard to deal with disruptive innovation – radical shifts in technology, customers, regulatory changes, etc, that create new markets. Just like a startup.

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Boomers are Driving a New Entrepreneurship Boom

Startup Professionals Musings

In the Kauffman Foundation Survey of nearly 5,000 companies that began in 2004, nearly two-thirds of the founders are now between the ages of 35 and 54. The highest growth rate last year actually was the next echelon, Gen-X, 35 to 44-year-olds. These trends seem likely to persist.

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Gordon Bell R.I.P.

Steve Blank

I was the head of Marketing for MIPS Computer , a RISC chip startup. 2004 I’ll miss him. But he made a lasting impact on mine. The first time I laid eyes on Gordon Bell was in 1984 outside a restaurant in a Boston suburb when he pulled up in a Porsche. It was a privilege to know him.

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