Myth or Truth | Innovation only happens at young ages...
Alexander PARUSCHKE
Managing Partner apcore | Academic Director | NED | Mentor
Innovation only happens before your 30s
The myth is that innovation only happens before your 30s is probably a huge misconception.
Innovation can happen at any age, and there are many examples of successful innovators who have made significant contributions in their later years.
While it is true that many famous innovators, such as Mark Zuckerberg and Steve Jobs, started their companies in their 20s or 30s, this does not mean that innovation is limited to this age group. In fact, there are many examples of successful innovators who made their breakthroughs later in life.
For example, Colonel Sanders, the founder of KFC, did not start his business until he was 65 years old. The famous artist Grandma Moses did not start painting until she was in her 70s. And Harland David Sanders, better known as Colonel Sanders, was in his 60s when he began franchising his Kentucky Fried Chicken restaurants.
Innovation is not limited by age or any other factor. It is about having an idea, being willing to take risks, and having the perseverance to see it through. So if you have an innovative idea, don't let your age hold you back. Pursue it with passion and determination, and you never know what you might achieve.
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Though….Examples of innovators in their 20s or 30s
Certainly! There are many examples of successful innovators who started their businesses or made significant contributions to their fields in their 20s or 30s. Here are just a few:
???Mark Zuckerberg: Co-founder of Facebook, Zuckerberg started the social networking giant when he was just 19 years old.
???Steve Jobs: Co-founder of Apple, Jobs started the company with Steve Wozniak when he was 21.
???Bill Gates: Co-founder of Microsoft, Gates dropped out of Harvard at age 20 to start the company.
???Larry Page and Sergey Brin: Co-founders of Google, Page and Brin started the company while they were Ph.D. students at Stanford in their mid-20s.
???Elon Musk: Founder of Tesla, SpaceX, and other companies, Musk started his first business, Zip2, in his mid-20s.
???Evan Spiegel: Co-founder of Snapchat, Spiegel started the popular messaging app when he was just 22.
???Kevin Systrom: Co-founder of Instagram, Systrom started the photo-sharing app in his late 20s.
Neurological capabilities in your 20s and 30s
Neurological capabilities can vary from person to person, and while it is true that certain cognitive functions may decline as we age, this decline is not necessarily uniform across all individuals or across all cognitive domains.
In general, brain development continues throughout our 20s and 30s, with some studies suggesting that our brains may continue to develop well into our 40s and 50s. This means that younger people may have greater neural plasticity, which can facilitate learning and adaptation to new situations. However, this does not mean that older individuals are unable to learn or innovate.
In fact, research has shown that older adults can maintain or even improve their cognitive abilities through exercise, mental stimulation, and other interventions. Furthermore, older adults may have advantages in certain cognitive domains, such as emotional regulation and decision-making, which can be beneficial in certain contexts.
Overall, while there may be some changes in neurological capabilities as we age, the idea that innovation or cognitive ability is limited to a specific age range is a misconception. People of all ages can innovate, learn, and adapt, and there is no age limit to creativity or problem-solving.
Examples of innovators after their 30s
The idea behind the thesis that innovation only happens before your 30s is likely based on the observation that many famous innovators and entrepreneurs (as we have seen), such as Mark Zuckerberg and Steve Jobs, started their companies in their 20s or 30s. A general opinion may have ben extrapolated from this that innovation is only possible for young people.
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However, this idea is a misconception. While it is true that some innovators and entrepreneurs have achieved success at a young age, there are also many examples of successful innovators who made significant contributions later in life. Innovation can happen at any age, and it is not limited by age or any other factor.
It's important to remember that innovation is about having a good idea, being willing to take risks, and having the perseverance to see it through, regardless of your age. Successful innovators come from all walks of life, and there is no one-size-fits-all formula for success.
Therefore, there are many examples of innovators who made significant contributions after their 30s. Here are a few examples:
???Ray Kroc: Kroc was 52 when he bought the rights to McDonald's and turned it into a global fast-food chain.
???Vera Wang: Wang was 40 when she started her fashion design career, and her wedding dresses have since become a staple of the industry.
???Jeff Bezos: Bezos founded Amazon when he was 31, but he made many of the company's most innovative moves after he turned 40, such as launching Amazon Web Services and acquiring Whole Foods.
???Harland David Sanders: Better known as Colonel Sanders, the founder of KFC franchised his first restaurant at the age of 62.
???Julia Child: Child did not launch her iconic television cooking show until she was 51, and she went on to become one of the most influential chefs in the world.
???Taikichiro Mori: Mori was a Japanese real estate mogul who started his business career as an academic in his 50s. He went on to become one of the wealthiest people in the world.
???Peter Roget: Roget was 73 when he published the first edition of his famous Thesaurus, which is still widely used today.
These are just a few examples of innovators who made significant contributions later in life. It's important to remember that innovation can happen at any age, and that creativity and drive are not limited by age.
Neurologically are we more risk adverse when we growth up? Or are we more conscious?
As we age, it is true that some people become more risk-averse, but this is not a universal trend. The relationship between age and risk-taking behavior is complex, and there are many factors that can influence how individuals respond to risk.
On one hand, research suggests that as we age, our cognitive abilities change, and we may become more cautious and risk-averse in some areas of our lives. This may be due to increased knowledge and experience, as well as changes in brain function that can affect decision-making processes.
On the other hand, there are also many examples of older individuals who take risks and continue to innovate and pursue new opportunities. Some researchers suggest that older adults may actually be better at taking risks in certain contexts, such as those that involve social decision-making or complex problem-solving.
Overall, it is difficult to make generalizations about how age affects risk-taking behavior, as individual differences and life experiences can play a significant role. While some people may become more risk-averse as they age, others may continue to take risks and pursue new opportunities throughout their lives. It's important to remember that age is just one factor that can influence behavior, and that there is no one-size-fits-all approach to decision-making or innovation.
Complexity Domain is bigger, network capabilities are better with age
There is evidence to suggest that as we age, our ability to process complex information and navigate complex systems may improve. This may be due in part to changes in brain structure and function that occur over time, as well as the accumulation of knowledge and experience.
Research has shown that older adults may be better at certain types of problem-solving tasks that require the integration of multiple sources of information or the ability to see patterns and connections within complex systems. Additionally, older adults may have better network capabilities in some areas, such as social networking and emotional regulation.
However, it's important to note that there may also be some cognitive declines associated with aging, such as slower processing speed and declines in working memory capacity. These declines may affect some aspects of cognitive functioning and may make certain tasks more challenging.
Overall, while there may be some declines in certain cognitive domains as we age, there are also many areas in which older adults may excel. The ability to navigate complex systems and integrate information from multiple sources may be one of these areas, and this may be due in part to the accumulation of knowledge and experience over time.
Additionally, the development of strong social networks and emotional regulation skills may also be beneficial as we age.
Engineer - Electronic Engineering and Internet of Things - BEng (Hons)
3 个月Thanks for your observation.
Helping teams to identify the right problems to solve through systemic root cause analysis and ethnography
1 年Very interesting point and a great article. Thanks for sharing, Alexander! It could be that people are more prone to different types of innovation, depending on their age: At a young age, it might come easier to us to fundamentally disrupt things (and start something new from a completely unbiased point of view) while at an older age we tend to unveil ideas that were developed over time as the result of our expertise and thorough investigation. In any case, I definitely think that people remain capable to innovate throughout their lives. But maybe the scale and nature of that innovation changes once we’ve settled on a passion to pursue. What do you think?
21 years Lead Investor | Advisor | Public and Private markets
1 年We still have hope, Alex!