There has been a very interesting trend – some might say a paradigm shift – in the importance of “youth” in the world of business. Thirty five years ago, when I started my first company, I was an anomaly at 24 years of age! It was a challenge to get bankers, venture capitalists, landlords, and customers to take me seriously as I had “no experience”. It was further complicated by the fact that my team – management and Board members – consisted mainly of folks who were at least twice my age and had, on average, two decades more business experience than I did. Even so, I learned very early on to trust my own instincts. Some of my worst decisions came about because I was convinced that I should listen to my elders and negate my own conclusions!
A lot had changed since the 1980s and some of the world’s most successful and highly valued companies were founded by twenty- and thirty-somethings. While the easy examples are in the tech community – Mark Zuckerberg of Facebook, Jerry Yang of Yahoo, Larry Page and Sergey Brin of Google, and others – the trend has spilled over into many other sectors including biomedical,
The InVentures Group has had the distinct pleasure of working with a number of young
While those of us with