Innovation in technology has rapidly lowered the barrier of entry to doing a web startup. In the past, one would need to raise a multimillion dollar Series A round just to get a working prototype. Today skilled hackers can pull together a bootstrapped startup with a few hundred dollars, a weekend of coding, and some caffeine.
As the necessity for capital has decreased, there are more opportunities for younger entrepreneurs to get started.
While I don’t want to trivialize how work experience, which one typically acquires with age, can be beneficial to a startup’s success, it’s no longer a necessity to executing well.
Executing a plan perfectly is not necessary. Adaptation and iteration are key tenets to a successful startup. Founders have to be willing to adapt to the changing markets.
Young entrepreneurs have that je ne sais quoi. Forced to overcome stereotypes and generalizations from their older counterparts, young entrepreneurs work relentlessly to disprove them.
There are certain characteristics that younger entrepreneurs have that are beneficial to doing a startup. Flexibility, lack of family commitments, willingness to challenge the status quo, a lack of financial obligations, and perhaps even naïvety.
Will the drive and motivation that young entrepreneurs have continue to be present in the future?
To be honest, I can’t say. As it becomes the social norm for young entrepreneurs to attempt and achieve success, the motivation to undermine the past generation’s preconceived notions could lessen.
Age is not at all indicative of a person’s capabilities. Neither is their race, sex, or how they dress.
Being a young entrepreneur, I hate being labeled as such. I truly consider it a success when I can conduct business without the other party realizing my youth.
I don’t strive to be the best 20 year old entrepreneur. I strive to be the best entrepreneur. Period.
Why limit yourself to other’s definitions of success?
You should follow me on twitter here, because I’m only 20 you want to.