This thread (and the link to the Gladwell essay that someone submitted to it earlier) are interesting. I'm 39 years old, and want to start my own company and change my career from journalist to news technologist/entrepreneur. Some readers might chuckle at that, but I am very serious.
In my mind, the question of the age of YC founders has much to do with the threshold for risk. Age definitely plays a part. But age does not crush vision, and brings some benefits in terms of experience and understanding of target markets. In my own case, I have an idea for a mobile news platform that I believe will change the way in which a lot of people get information. I think it would be a product that people want, but the only way to find out is to build it and see what the market thinks.
But I recognize that there are a lot of barriers to achieving my vision.
First, I'm not a hacker, and I don't have a co-founder (yet) who is. I think in pg's view, this would preclude me from starting this type of company (based on some of his commentary in Founders At Work and in http://paulgraham.com/startupmistakes.html). Nevertheless, I have a lot of experience with the technologies that would drive the platform, and insights into the way people consume information, and I think this will be extremely valuable in driving product development.
Second, I have a family and a mortgage. Others have noted family-related issues, but the situation really depends on the specifics of your family. My wife is not working, as my youngest is in preschool only for three mornings a week. This makes it impossible for me to take the risk right now to drop my day job and the health insurance that comes with it (I live in the U.S., in the Boston area) and work full time on my product. If my wife was working in a professional position, not only would we have the salary and insurance to fall back on if I stopped working at my day job, but also we could afford day care.
So, what I am doing right now is plugging away at the business plan and some of the technical concepts in my spare time, usually for two hours per day after the kids go to sleep. I'm trying to bone up on my understanding of the platforms that I think I will need to grok in order to get this thing off the ground. I've stopped putting money in my 401k to build up some funds, and I'm considering how I might tap other sources of funding -- not to mention considering various revenue streams from the product itself.
Would I ever apply to Y Combinator? I couldn't do it on my own, but I might, if I had the right team and could consider taking off for a few months (I wish YC still had the summer program in Cambridge!). The family-related concerns are real, but there are ways to address them (for instance, COBRA for health insurance and enough funding to cover my mortgage and living expenses).
Edited: Changed first sentence to add Gladwell ref
Thanks for that newsio. As a 24-year-old I can't relate to a lot of the challenges you're facing, but I draw a healthy amount of inspiration from your passion and drive. I wish you the best of luck.
In my mind, the question of the age of YC founders has much to do with the threshold for risk. Age definitely plays a part. But age does not crush vision, and brings some benefits in terms of experience and understanding of target markets. In my own case, I have an idea for a mobile news platform that I believe will change the way in which a lot of people get information. I think it would be a product that people want, but the only way to find out is to build it and see what the market thinks.
But I recognize that there are a lot of barriers to achieving my vision.
First, I'm not a hacker, and I don't have a co-founder (yet) who is. I think in pg's view, this would preclude me from starting this type of company (based on some of his commentary in Founders At Work and in http://paulgraham.com/startupmistakes.html). Nevertheless, I have a lot of experience with the technologies that would drive the platform, and insights into the way people consume information, and I think this will be extremely valuable in driving product development.
Second, I have a family and a mortgage. Others have noted family-related issues, but the situation really depends on the specifics of your family. My wife is not working, as my youngest is in preschool only for three mornings a week. This makes it impossible for me to take the risk right now to drop my day job and the health insurance that comes with it (I live in the U.S., in the Boston area) and work full time on my product. If my wife was working in a professional position, not only would we have the salary and insurance to fall back on if I stopped working at my day job, but also we could afford day care.
So, what I am doing right now is plugging away at the business plan and some of the technical concepts in my spare time, usually for two hours per day after the kids go to sleep. I'm trying to bone up on my understanding of the platforms that I think I will need to grok in order to get this thing off the ground. I've stopped putting money in my 401k to build up some funds, and I'm considering how I might tap other sources of funding -- not to mention considering various revenue streams from the product itself.
Would I ever apply to Y Combinator? I couldn't do it on my own, but I might, if I had the right team and could consider taking off for a few months (I wish YC still had the summer program in Cambridge!). The family-related concerns are real, but there are ways to address them (for instance, COBRA for health insurance and enough funding to cover my mortgage and living expenses).
Edited: Changed first sentence to add Gladwell ref