> ...twice as likely to have a one-in-1,000 fastest-growing company
Is fastest-growing or an IPO necessarily a good measure of success for a startup? For one, it excludes successful lifestyle businesses.
What is "sucess" in the general sense ?
I'm quite happy and successful, but I'm not an entrepreneur, nor do I want my revenues to rise exponentially. I'm sure for other people "success" is measured in the amount of money they get, but that seems really reductive.
Personally, I define "success" as "achieving your goals". For some, that may be to maximize wealth. For others, it may be to live a certain sort of life, or to have personal satisfaction, and so forth. There are probably as many definitions of "success" as there are people.
I think there are major issues with relying on jobs growth as a success metric for a startup and thus think that while this is a nice addition to the literature on age and startup success it is far from "definitive" as it is described in the tagline on the summary article