Report: Young People Start Billion-Dollar Companies

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    NEWSLETTERS

    AP
    File photo of Facebook CEO Mark Zuckerberg. Of the 52 founders of 35 billion-dollar companies, the median age is about 30, according to a report.

    Thirty-one is just about the right time to have a billion-dollar idea.

    If you're going to have one at all.

    Of the 52 founders of 35 billion-dollar companies, the median age is about 30, according to the San Francisco Business Times.

    That's about the age when the founders of billion-dollar, venture-backed companies of today were in start up mode, according to a review conducted by Harvard Business School.

    However, the school took a step back about making any kind of age-based pronouncement.

    "We can conclude that founders under the age of 35 represent a significant portion of founders in the billion-dollar club, and most likely the majority," a report author said.

    However, another report skewed older: current CEOs and presidents at billion-dollar companies are about 42 years old.