Posts belonging to Category Did You Know?



How Old are Successful Tech Entrepreneurs?

How Old are Successful Tech Entrepreneurs?Read the popular press and you conclude that successful entrepreneurship is the domain of the young, what with the personalities we see so prominently in the news regarding high tech, and information based companies. Folks tend to think youth is favored for really great ideas and innovations.

Consider….would investors bet their money on high–energy youthful entrepreneurs over the older “silverbacks” with lots of hard-knocks experience….thus missing out on some great potential opportunities? Might older entrepreneurs be too ingrained in the status quo as opposed to younger folks who have little to tie them down to what already exists, and thus are better potential “disruptors” that can laser focus on the new business?

A recent study that involved researchers from the U.S. Census Bureau and MIT has developed some interesting facts about entrepreneurship. In a nutshell, the researchers concluded:

  • The best entrepreneurs tend to be middle-aged.
  • Among the very fastest-growing new tech companies, the average founder was 45 at the time of founding.
  • A given 50-year-old entrepreneur is nearly twice as likely to have a runaway success as a 30-year-old.

Work done at the Kellogg School seems commensurate with these findings. Basically, the longer you have been around, the better your chances of success.

Industry disruption does not have to come from outsiders. Silverbacks with loads of experience and market savvy can make a big difference.

How Old are Successful Tech Entrepreneurs?

Will this change how investors fund new start-ups and older entrepreneurs? Are we going to see a shift in business investment strategies?

Edison innovated and disrupted things throughout his life, his experience and determination so highly focused on the tasks at hand; and he never let failure stand in his way. Look at these stats about his age and major accomplishments:

  • Revolutionized telegraphy – 27
  • R&D Labs concept – 29
  • Phonograph – 30
  • Light bulb – 32
  • Electric utility – 37
  • Establishes General Electric – 43
  • Movies – 46
  • Edison cement – 52
  • Storage batteries – 63
  • Spreads R&D Labs to U.S. Navy – 68
  • Artificial rubber – 80

Thomas Edison said, “If we all did the things we are really capable of doing, we would literally astound ourselves …”

Left: Intel-Edison module now available world-wide for developers. Right: The “Tommy” award given by the Edison Innovation Foundation.

Left: Intel-Edison module now available world-wide for developers. Right: The “Tommy” award given by the Edison Innovation Foundation.

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Thomas Edison Supports Innovative Charitable Giving

So…riddle me this. What is the commonality between mitigating PTSD and improving heart health? These are two programs that exist today because of seed funding from the Charles Edison Fund, the mother foundation of the Edison Innovation Foundation.

Mitigating PTSD
Serenity Stables From Combat to Calm is a Middletown, NJ horse farm-turned –equine- therapy program aimed at helping veterans suffering with disabilities and
post-traumatic stress disorder. Here, therapy horses provide an extra measure of treatment for veterans. The horses act as a spiritual reflection for the 200 veterans who have visited Serenity Farms and experienced some measure of healing through interaction with the beautiful and gentle animals.

Seeking Calm and Peace with Therapy Horses at Serenity Farms. Check out Serenity Stables at www.serenitystablesfcc.org/.

Seeking Calm and Peace with Therapy Horses at Serenity Farms. Check out Serenity Stables at www.serenitystablesfcc.org/.

Charles Edison created his non-profit fund to support the legacy of his father Thomas Edison, and to promote education, specifically careers in science and technology. The programs which focus on the legacy of Thomas Edison, medical research and education at the grammar, high, college and graduate school levels, are the best in the country. Serenity Farms fit into this funding philosophy.

The Living Heart Foundation 
The Living Heart Foundation, public/private collaborative, initially began with a Charles Edison Fund grant, and now with generous support from others, delivers a unique brand of education and health features to diverse communities in need. This is achieved through the creation of mutually beneficial partnerships that include healthcare providers, educators, schools, hospitals, industry and active/retired professional athletes.

The Living Heart Foundation’s mission is fivefold:

  • Generate intense awareness of the importance of CV disease;
  • Perform early detection of CV abnormalities through screening;
  • Create a health stratification database;
  • Track the health data longitudinally;
  • Develop website education and lifestyle programs to empower people to counter adverse effects of persistent health problems;

The results of early detection and intervention through the Foundation’s integrated-preventative approach significantly decrease medical costs compared to persistent, uncorrected abnormalities and increase compliance related to achieving healthcare goals. State-of-the-art technology to deliver information and create interactive programs can be customized as needed.

“Anything that won’t sell, I don’t want to invent. Its sale is proof of utility, and utility is success.”

Left: Intel-Edison module now available world-wide for developers. Right: The “Tommy” award given by the Edison Innovation Foundation.

Left: Intel-Edison module now available world-wide for developers. Right: The “Tommy” award given by the Edison Innovation Foundation.

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Thomas Edison Salutes Founding Father Inventors

Necessity is the mother of invention as the old adage opines, and taming a wild country certainly qualifies as a necessity. Fascinating it is to realize our founding fathers were inventors as well as statesmen, legislators and leaders. Consider the inventions of our great forefathers…

Franklin Playing His Armonica

Franklin Playing His Armonica

Benjamin Franklin
Bi-focals, the Franklin stove, lightning rod, the glass armonica (musical instrument) and being major supporter of lending libraries, community hospitals, and volunteer fire departments

 

Typical George Washington Wheat Threshing Barn Design

Typical George Washington Wheat Threshing Barn Design

George Washington
Drill plow, wheat threshing barn

 

Jefferson’s Wheel Cipher

Jefferson’s Wheel Cipher

Thomas Jefferson
Iron plow, swivel chair, macaroni press, dumbwaiter, pedometer, folding ladder, and a great clock, wheel cipher

James Madison
Combination walking stick and microscope

Lest we forget, Thomas Jefferson almost single-handedly created the University of Virginia. Jefferson was also the first administrator of the U.S. Patent Office, the formation of which was empowered by law thru the Constitution. This office is probably our oldest federal agency, and one that through its fee schedule for patent application/maintenance essentially pays for itself.

We would be remiss not mentioning an Edison life-long favorite as well, Thomas Paine, noted for inventing a single-span iron bridge and a smokeless candle. Paine may not be as well-known as the great men mentioned above, but many of the documents of the time and discussions about the kind of government we would have derived from Paine’s logic and sometimes incendiary speeches to rally the populace.

Noteworthy is the kind of process thinking that Franklin, like Edison, proposed. Think how lending libraries, hospitals, and fire departments have made a significant and enduring impact on our quality of life.

Thomas Edison would consider his inventive activities in good company with the founding fathers … practical with great utility!

Thomas Edison said, “I find out what the world needs. Then I go ahead and try to invent it.”

Left: Intel-Edison module now available world-wide for developers. Right: The “Tommy” award given by the Edison Innovation Foundation.

Left: Intel-Edison module now available world-wide for developers. Right: The “Tommy” award given by the Edison Innovation Foundation.

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