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Bangalore: If you are holding back because you are old enough to take a risk establishing a startup, then Vivek Wadhwa would certainly inspire you. The 40 year old founder of a high tech startup who studied 549 successful technology ventures was not interested to work for others anymore.

Wadhwa, a Duke University scholar proves that older entrepreneurs have higher success rates when they start companies. They are expert in their technological fields, have deep knowledge of their customers' needs and have years of developing a network of supporters. http://www.siliconindia.com/shownews/Old...Subscriber
However, in India, Anil Gupta, the founder of India's Honeybee Network picked Mansukhbhai Jagani, Mansukhbhai Patel and Mansukhbhai Prajapati as India's most powerful entrepreneurs. Jagani developed a motorcycle-based tractor for India's poor farmers, which is both cost effective, costing roughly USD 318, and fuel efficient. Patel, a farmer Patel invented a cotton stripping machine that has significantly cut the cost of cotton farming and revolutionised India's cotton industry and Prajapati, a potter, invented a clay non-stick pan that costs Rs 100 and a clay refrigerator that runs without electricity for those who cannot afford a fridge or their electricity and maintenance costs. http://www.siliconindia.com/shownews/One...Subscriber
Yes,I agree with you. Age does not matter to start new venture, especially after 40+. In fact it becomes positive for New Businessman. If a person who starts his/her venture after 40+, he/she must have tone of knowledge about the all the necessary thing for running the business.

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