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Never Fear MBAs, People Over 35 Launch Majority of Startups

There have been some discouraging facts in the news lately: that only two of Inc. Magazine’s “30 Under 30” Entrepreneurs of 2011 held MBAs. That high-growth tech businesses are only started by people aged 27 and under.

However, today Business Insider reports that:

According to the Global Entrepreneurship Monitor, people over the age of 35 made up 80 percent of the total entrepreneurship activity in 2009. That same year, the Kauffman Foundation conducted a survey of 549 startups operating in “high-growth” industries — including aerospace, defense, health care, and computer and electronics — and found that people over 55 are nearly twice as likely to launch startups in these industries.

At the hefty age of 29, bearing MBAs from Kellogg, this is sweet music to our ears. In fact, we’re ahead of the curve!

Read more here from Business Insider.


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