Abby Miller Levy: It's possible to be a successful entrepreneur in 50s or 60s - Business Insider

"The answer is obvious, and ageist. To my knowledge, there's never been a successful media-tech firm founded by people in their 60s. The young brain is crazy, creative, and willing to work 80 hours a week, as young people think they'll live forever. People in their 60s are not blessed/cursed with any of these things, which makes them decent leaders, great mentors, and s----y entrepreneurs.

There's no arguing that there are legions more younger entrepreneurs than those with more years of life and work experience. But that isn't because younger founders are inherently better at business creation. In fact, according to, "When you look at success rates conditional on actually starting a company, the evidence against youthful entrepreneurial success becomes even sharper. Among those who have started a firm, older entrepreneurs have a substantially higher success rate.

I had the pleasure of working with Arianna as President of Thrive Global and can attest that her energy, brilliance and creativity has fueled the growth of the business and resulted in strategic partnerships with many Fortune 100 companies, including Accenture, Hilton, Walmart, Salesforce, EY and Verizon, among others. Working side by side with Arianna to start Thrive, she not only ran circles around competitors, she was generous enough to coach and help them.

Another larger-than-life example: Barry Diller was both inducted into the Television Hall of Fame and founded IAC when he was 53, which he has grown to nearly $5 billion in assets today.

Yes and early start ups usually need to bring in an experienced exec to get their business scaled. Launching is just the first stage of a start up.

Yep wealthy and privileged individuals can gain more success and wealth in later years. If you are a worried million/billionaire that feels like you are being marginalised, sleep easy.

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