The fact is that you are never too old to innovate.
From Vivek Wadhwa
When my generation grew up, our only sources of knowledge were books, teachers, parents and friends. The encyclopedia was an item of luxury. We faced big limits in what we could learn, where we could be and who we could reach.
Student loan debt is the reason I don't advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college.
My message to students is that if you want to become an entrepreneur and save the world, definitely don't skip college. But go to a school that you can afford. You'll be freed from the chains of debt and succeed on your own ambition and merit.
I realized that, after tasting entrepreneurship, I had become unfit for the corporate world. There was no turning back. The only regret I had was having wasted my life in the corporate world for so long.
If anyone tells you that you're too old to be an entrepreneur or that you have the wrong background, don't listen to them. Go with your gut instincts and pursue your passions.
Ask any venture capitalist, and they will tell you that they consider the experience and completeness of the founding team to be a more important factor in their investment decision than the technology that is being built.
During the dot-com days, one could take just about any company public and reap fortunes. All you had to do was to make sky-high projections for growth, say you were in the Internet space, and go along with unscrupulous investment bankers and their analysts.
The fastest way to get kicked out of a venture capitalist's office is to say that you want to build a business that grows steadily, focuses on employees, and creates wealth over the long term. Entrepreneurs with such ambitions are considered pariahs.
The IPO is no exit for the entrepreneur; it's the start of purgatory.
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