Babyboomers have knowledge and management experience!
+Washington Post had great article on how BabyBoomers are the wave of the future for Business.
According to the Kaufmann Foundation
” in every year from 1996 to 2013, Americans in the 55-to-64 age group started new businesses at a higher rate than those in their twenties and thirties. And the trend is building. Those ages 55 to 64 started 14 percent of all new businesses in 1996 but nearly 24 percent of them in 2013.”
There is no substitute for Knowledge and Experience.
According to the article,
” There are hordes of young founders in Silicon Valley, some of whom drop out of school to start their companies. Venture capitalists collectively invest billions in them. The vast majority of these start-ups fail, however, because there is no substitute for experience and knowledge. “
Venture Capitalists, listen up, we are the future of business and We should be invested in!