Inspired by this post written from the perspective of a 28 year-old. I turn 22 this month and don’t plan to ever have a traditional job after I graduate.

1. Opportunity Cost is lowest right now (mortgage, kids, relationships, etc. make it tougher to take risk)
2. People (and VCs) are biased towards young entrepreneurs
3. It’s easy to find mentors when everyone is older than you
4. You can always move-in with your parents if something goes wrong
5. Your at a pivotal time in your life when learning and dreaming is still easy, your beliefs and attitudes are still malleable
6. Failing early and failing often will accelerate your progress as an entrepreneur
7. You are on the same level as other young entrepreneurs, more likely to meet tomorrow’s startup rock-stars

The Entrepreneurial Life Cycle is constant and fixed, entrepreneurs must understand it and how it affects everything we do.

Implications from the Thinking portion:

• Many of the best ideas are so forward-looking, they meet significant objections from people who don’t understand them.
• To reach the Executing portion, one generally takes a leap into the unknown and disregards his own and others’ objections.

Implications from the Executing Portion:

• Startups encounter repeated ups-and-downs, victories and defeats, thus persistence and commitment are of the most important qualities for founders.
• Every defeat represents a chance to reach victory again, founders have to find a way to overcome challenges.

“There is but one dependable method of accumulating and legally holding riches, and that is by providing a useful service. No system has ever been created by which people can legally acquire riches through mere force of numbers, or without giving in return an equivalent value of one form or another. There is a principle known as the law of economics! This is more than a theory. It is a law no person can beat.” -Napoleon Hill, Think and Grow Rich, 1937

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