Iām a big believer of supporting first time entrepreneurs from university or school, in fact I believe they are the most important of type of entrepreneur. We call them at INCUBATE, First Time Founders, and they must be building innovate technology companies at a young age. Hereās 5 reasons why:
1. First Time Founders are at the start of their entrepreneurial careerāāāthis is a life long exercise and requires repeat attempts. Starting them off with sound advice, growth strategy, and global mindset is so important and will also impact how they give back in the future when theyāre successful. At INCUBATE Iām proud that the average founder age is 22 years old. Significantly younger the average age of founders in Australia is which cited as 30 or over.
2. Their ability and willingness to taken on risk is far higher than older first time entrepreneurs.
3. If you have to do this a few times to be successful, say 3 businesses or iterations at 3 years each, and assuming they start at 21, I want to see successful (economically impactful) entrepreneurs by the age of 30. Not 40 or 50.
4. Younger entrepreneurs are by far the best role models for other students thinking about starting a startup. It shows a tangible path, not the almost mystical success of some America billionaire.
5. First Time Founders are naive. But this is their advantage. Having a big vision and then executing on it has lead to the world’s most successful tech innovations (and companies).
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