’Zuckerbergism’: Why the young founder myth is a trap for entrepreneurs

A recent study challenges the conventional thinking that says only young people can dream up successful new businesses.

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There’s no shortage of stories about young, hyper-successful entrepreneurs. From the Forbes’ 30 Under 30 lists to films like “The Social Network”, these stories offer an alluring blueprint for early success: dream huge, work hard, and soon enough you too can get filthy, tech-titan rich.

You’re less likely to hear the more common story: a young entrepreneur starts a new business, accrues debt, runs out of luck, gets demoralized and then, reluctantly, takes on a regular job. What explains the frequency of these crash-and-burn stories? It seems the problem doesn’t lie in the pursuit of entrepreneurism, but rather in the age at which entrepreneurs start launching businesses.

MOST SUCCESSFUL FOUNDERS AREN’T EXACTLY YOUNG

That’s the takeaway of a recent study that found the mean age for the 1-in-1,000 fastest growing new ventures to be 45 years. This finding held true across “high-technology sectors, entrepreneurial hubs, and successful firm exits.” So, although conventional thinking tends to paint the young generation as uniquely creative innovators and (sorry in advance) Big Thinkers, it seems that older generations are more likely to possess traits that facilitate entrepreneurial success.

“We find that age indeed predicts success, and sharply, but in the opposite way that many propose,” the researchers wrote. “The highest success rates in entrepreneurship come from founders in middle age and beyond.”

The basic idea behind this age-success relationship is that people tend to accumulate skills, resources and experience with age. However, the findings did reveal some caveats:

“Overall, we see that younger founders appear strongly disadvantaged in their tendency to produce the highest-growth companies. That said, there is a hint of some interesting age thresholds and plateaus in the data. Below age 25, founders appear to do badly (or rather, do well extremely rarely), but there is a sharp increase in performance at age 25. Between ages 25 and 35, performance seems fairly flat. However, starting after age 35 we see increased success probabilities, now outpacing the 25-year-olds. Another large surge in performance comes at age 46 and is sustained toward age 60.”

TO DREAM OR NOT TO DREAM?

So, what’s the lesson for young, prospective entrepreneurs? It’s not to stop dreaming big. But maybe it’s wise to start dreaming more strategically — to broaden the definition of entrepreneurism to include more low-cost, low-risk paths, like carving out entrepreneurial opportunities within your current job. That way, you can accumulate more of the experience and skills that’ll help to fortify your entrepreneurial pursuit when the time comes.

The findings on age and success also imply that young entrepreneurs shouldn’t fall into the trap of comparing themselves to the outlier young-success stories — the Zuckerbergs, Musks and Gates’ of the world.

“We should stop lying to young people about commerce and tell the truth that business is hard,” Jeffrey A. Tucker wrote in an article for the American Institute for Economic Research.“Work is hard. Saving money is hard. Serving customers is hard. For some people, just showing up is hard. These are all learned skills. The fun comes once you master them.”

Link Original: https://bigthink.com/the-present/young-entrepreneurs/#Echobox=1638508300


Estudo encontra ligação entre o pessimismo e a demência

Autores do estudo consideram que o pensamento negativo deve ser considerado um fator de risco para a doença.

Se é uma pessoa pessimista, saiba que isso não é bom para o seu cérebro. Um novo estudo descobriu que o pensamento negativo repetitivo pode estar ligado, mais tarde na vida, ao declínio cognitivo e a maiores depósitos de duas proteínas nocivas, responsáveis pela doença de Alzheimer.

«Propomos que o pensamento negativo e repetitivo possa ser considerado um novo fator de risco para a demência», afirmou a psiquiatra e autora principal do estudo,  Natalie Marchant, à CNN.

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YOUR BRAIN IS NOT FULLY DEVELOPED UNTIL AGE TWENTY-FIVE

We may like to assume that we are adults when we turn eighteen; however, the truth is our brain is still undergoing a significant amount of construction until our mid-twenties. Research has shown that the brain is not fully developed until a person reaches about the age of twenty-five. For males, full development can extend until the age of twenty-eight. What does this mean for you? If you are under twenty-five, this means every decision you make, every thought you have, every action you take, all the food you eat, the amount of sleep you get and everything else you do throughout your day has significant impact on your developing brain.

Dr. Daniel Amen




Subhash Kak: ‘It is wrong to assume that consciousness is just a computation’

 

 

 

 

 

Subhash Kak, who was recently awarded the Padma Shri for science & engineering-technology, says India needs to move from rote learning to critical thinking. Each generation needs to reinvent itself, says the Regents professor emeritus, Oklahoma State University, US, whose research covers the fields of neural networks, cryptography and quantum computing.

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Functional role of frontal alpha oscillations in creativity

Abstract

Creativity, the ability to produce innovative ideas, is a key higher-order cognitive function that is poorly understood.

At the level of macroscopic cortical network dynamics, recent electroencephalography (EEG) data suggests that cortical oscillations in the alpha frequency band (8-12 Hz) are correlated with creative thinking.

However, whether alpha oscillations play a functional role in creativity has remained unknown.

Here we show that creativity is increased by enhancing alpha power using 10 Hz transcranial alternating current stimulation (10 Hz-tACS) of the frontal cortex.

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Edgar Morin: “É preciso ensinar a compreensão humana”

Nos acostumamos a acreditar que pensamento e prática são compartimentos distintos da vida. Quem pensa o mundo não faz o mundo e vice-versa.

Mas, houve um tempo em que os sábios, eventualmente chamados de cientistas ou artistas, circulavam por diversos campos da cultura. Matemática, física, arquitetura, pintura, escultura eram matéria-prima do pensamento e da ação.

A revolução industrial veio derrubar a ideia do saber renascentista e, desde o século 19, a especialização foi ganhando força. Porém, sempre haverá quem nos lembre que a vida é produto de um contexto, de um acúmulo de vivências e ideias.

Pense em um filósofo que pegou em armas contra o nazismo para depois empunhar as ferramentas da retórica contra o stalinismo, que reconhece a importância dos saberes dos povos originais sem abrir mão de pensar e repensar a educação formal.

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Here’s What Happens To Your Body When You Overthink

All that excessive obsessing and rumination totally takes a toll on you physically and mentally.

This widespread rumination and over-obsessing has become somewhat of an epidemic. One study from the University of Michigan found that 73% of adults between the ages of 25 and 35 overthink, as do 52% of 45- to 55-year-olds.

Interestingly, research has found that many overthinkers believe they’re actually doing themselves a favor by cycling through their thoughts. But the truth of the matter is that overthinking is a dangerous game that can have a lot of negative consequences on our well-being.

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