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Saturday, February 25, 2012

Is There Life After Fifty?

Article: The Economist, Schumpeter, Enterprising Oldies

This article, which is short and well worth reading gave me some hope.  Zuckerberg and company aside, it gives a bunch of examples and reasons why entrepreneurship and other creative endeavors are not only for the young-- not by a long shot.  For example:

  • Dane Stangler of the Kauffman Foundation found that highest rate of entrepreneurial activity was in the 55-64 age group.  Lowest was in the 20-34 age group.
  • Ray Croc started McDonald's in his 50's.
  • Colonel Harland Sanders started KFC in his 60's.
  • The Stones, Dylan, Paul McCartney, Leonard Cohen: still going strong.
  • Arianna Huffington founded the Huffington Post at age 54.
  • Marc Pincus founded Zynga at age 41.

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