You Might be a Late Bloomer
June 26, 2024
Writing in The Atlantic, columnist David Brooks cited ITIF research on the demographics of innovation in the United States, which found that people's peak innovation age is their late 40s:
The average age of a U.S. patent applicant is 47. A 45-year-old is twice as likely to produce a scientific breakthrough as a 25-year-old. A study published in The American Economic Review found 45 to be the average age of an entrepreneur and found furthermore that the likelihood that an entrepreneur's start-up will succeed increases significantly between ages 25 and 35, with the odds of success continuing to rise well into the 50s. A tech founder who is 50 is twice as likely to start a successful company as one who is 30. A study by researchers at Northwestern University, MIT, and the U.S. Census Bureau found that the fastest-growing start-ups were founded by people whose average age was 45 when their company was launched. The Information Technology and Innovation Foundation produced a study that found that the peak innovation age is the late 40s.
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