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Is There a Survivor's Bias on Age?
An interesting study from Berkeley focused on venture-style startups revealed that the average age of individuals behind new ventures is 41.9 years old, challenging the common perception of young entrepreneurs. Contrary to the belief that big companies are run by young geniuses, the average age tends to increase in instances of top performers. The prevailing narrative of young successful entrepreneurs like the founders of Snapchat or Facebook may reflect survivorship bias, overshadowing the numerous successful businesses led by older individuals.