JANNIE Mouton started PSG when he was 50. Colonel Sanders launched what was to become KFC at the age of 65, and Steve Jobs’s most significant innovations – iMac, iTunes, iPod, iPhone, and iPad – happened after he was 45. Sam Walton was in his mid-40s when he started Walmart and Ray Kroc started McDonald’s when he was in his early 50s.
Media reports on the achievements of people such as Mark Zuckerberg and Mark Shuttleworth would have us believe people in their early 20s have a monopoly on tech innovation.
But in 2010 Vivek Wadha, a senior research associate with the Labour and Worklife Programme at Harvard Law School, studied 549 successful technology and engineering ventures with more than $1-million in sales, and discovered that the average founder of a high-tech start-up is more likely to be a 40-year-old than a teenage prodigy.