Startups Are Graying... But Is It A Good Financial Move?

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Executive Summary

The face of the typical startup entrepreneur these days is a bit wrinkly, sporting some gray hair, and having the wisdom that comes with age. But is it a good financial move to start a business late in life? According to recent research, these days those 55 and over are more likely than young people to be starting businesses, says Professor Scott Shane, writing in BusinessWeek. What's the reason for the increase in older entrepreneurs? Scott posits some theories: Perhaps the older generation is more entrepreneurial, or perhaps they have more job skills and thus the confidence to go into business for themselves.

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