Monday, 5 December 2011

True, we should not loose hope, us 'oldies'... The case for old entrepreneurs - The Washington Post

The case for old entrepreneurs - The Washington Post:

Must read.. great article.

"Jones found that the average age at which Nobel laureates performed their prize-winning work, and the average age at which inventors had their great achievement, were both 39. The largest mass of great innovations in knowledge came in an inventor’s 30s (42%), but a substantial amount also came during their 40s (30%), and some (14%) came beyond the age of 50. Curiously, Jones found that the average age of innovators is rising. Over the last century, the average age of greatest achievement for both Nobel Prize winners and great tech inventors rose by about six years. Since 1985, it was 45. In fact, in both physics and chemistry during the past two to three decades, very little Nobel Prize–winning research has been done before age 40."

"Do people stop being creative as they reach middle age? Ben Franklin certainly didn’t. He invented the lightning rod when he was 44. He discovered electricity at 46. He helped draft the Declaration of Independence at 70, and he invented bifocals after that. Henry Ford introduced the Model T when he was 45. Sam Walton built Walmart in his mid-40s. Ray Kroc built McDonald’s in his early 50s. Some of the most creative people of the century were also not young. Ray Kurzweil published The Singularity Is Near in his 50s; Alfred Hitchcock directed Vertigo when he was 59; Frank Lloyd Wright built his architectural masterpiece, Fallingwater, when he was 68. And let’s not forget the greatest innovator of recent times: Steve Jobs. His most significant innovations—iMac, iTunes, iPod, iPhone, and iPad—came after he was 45."

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