{"id":610078,"date":"2023-11-14T00:00:00","date_gmt":"2023-11-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/14\/entrepreneurial-ventures-can-begin-at-40-archeologist-is-finally-recognized-nearly-a-century-later\/"},"modified":"2023-11-14T00:00:00","modified_gmt":"2023-11-14T00:00:00","slug":"entrepreneurial-ventures-can-begin-at-40-archeologist-is-finally-recognized-nearly-a-century-later","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/14\/entrepreneurial-ventures-can-begin-at-40-archeologist-is-finally-recognized-nearly-a-century-later\/","title":{"rendered":"Entrepreneurial ventures can begin at 40 + Archeologist is finally recognized nearly a century later"},"content":{"rendered":"

G<\/strong>OOD NEWS- You\u2019re (probably) not too old to start your own business.<\/strong> People aged 55-64 are increasingly starting up new businesses, accounting for a significant percentage of new entrepreneurial activity across the US, UK, France, and Germany, according to the Global Entrepreneurship Monitor<\/a>. <\/p>\n

Many older entrepreneurs have emerged<\/strong> where they\u2019ve stepped down from their successful careers utilizing the skills they gained to create their aspired ventures. <\/p>\n

What is behind Gen X\u2019s success? <\/strong>Experience, really. They bring their valuable networks, professional experience and grit in the face of adversity that often the younger generation may not be able to handle, the article explains. <\/p>\n

The pandemic was the trigger, again. <\/strong>During that time there was a rise in start-ups founded by people aged 45 to 64, particularly in the UK, where the percentage of businesses started by this age group increased by 7.9 percentage points y-o-y to 33.3% in 2021, according to a separate GEM report (pdf)<\/a>.<\/p>\n

This reflected the rise of asset-rich individuals<\/strong> as well as allowed them to combat issues like rising costs and workforce reductions that were caused by the 2020 pandemic, according to Financial Times<\/a>. <\/p>\n

The complications of mid-life still present challenges.<\/strong> Juggling family responsibilities and personal well-being is the greatest challenge, explains the article, but older entrepreneurs often have more to gain due to their industry experience and the higher likelihood of achieving success compared to their younger counterparts. <\/p>\n

A 50-year-old entrepreneur has a higher chance of achieving <\/strong>great success compared to a 30-year-old entrepreneur.<\/strong> Why? Having prior experience in a specific industry greatly influenced the likelihood of creating a business with rapid growth, according to a National Bureau of Economic Research paper (pdf)<\/a>.<\/p>\n

There is still some bias. <\/strong>VCs are still wary of backing older entrepreneursas they believe that twenty-somethings are just more creative,cheaper, and have less to lose, shares Eileen Burbidge, partner of emerging technology fund Passion Capital.<\/p>\n

\n

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It only took nine decades, but a woman archaeologist who was instrumental in understanding the culture of ancient Greece\u2019s Olynthus was finally credited for her work. <\/strong>After having her work plagiarized by a male colleague, the Library of Congress has taken a historic step to acknowledge Mary Ellingson\u2019s work<\/a>, the University of Evansville said in a press release<\/a>. Ellington was a former archaeologist at the university and led excavations that gave unprecedented insight into the domestic architecture and culture of Olynthus, an ancient Greek city. But, the male professor who led the project eventually took her work and put his name on it. This came to light when Ellingson\u2019s photo album and letters from 1931 were rediscovered. <\/p>\n

Women\u2019s contributions to <\/strong>academia<\/a><\/strong> often lack recognition. <\/strong>Think of Marie Curie<\/a>, who had to fight for a nomination but became the only person to win two Nobel prizes in different sciences. Or, Henrietta Leavitt<\/a> who discovered a way to measure astronomical distances but was ignored until after her death. The phenomenon is nothing new, which is why the university called this \u201ca triumph for all those who have tirelessly sought justice for a woman unjustly omitted from the pages of history,\u201d in the press release. <\/p>\n

The problem persists. <\/strong>In fact, in a 2013 paper<\/a> by historian Margaret Rossiter titled \u201cThe Matilda Effect in Science Communication,\u201d she finds that men and women find research papers by men to be stronger than those by women, and showed preference for the male authors as possible future collaborators. <\/p>\n

Rossiter coined the term The Matilda Effect in 1993, <\/strong>naming it after Matilda Gage, a suffragist who had her own work overlooked by historians. She then calls for institutions to rectify the issue of misplaced credit. <\/p>\n","protected":false},"excerpt":{"rendered":"

Older entrepreneurs\u2019 professional experience and network give them an edge<\/p>\n","protected":false},"author":1,"featured_media":610079,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[10623,633,11771,638],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-archeology","tag-enterprisepm","tag-entrepreneurs","tag-for-your-commute","wpautop","entry"],"acf":{"mongo_id":"7ab865e9-6e77-4c2b-8f25-c963fb0c01a8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/733.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[610073],"teaser":"Older entrepreneurs\u2019 professional experience and network give them an edge","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.cbb5b401-45b7-4c85-85e1-cd4624d5c872.mp3"},"yoast_head":"\nEntrepreneurial ventures can begin at 40 + Archeologist is finally recognized nearly a century later - 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Today, their portfolio covers a range of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/83.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621609,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/are-millennials-less-entrepreneurial\/","url_meta":{"origin":610078,"position":1},"title":"Are millennials less entrepreneurial?","author":"enterpriseam admin","date":"13 November 2018","format":false,"excerpt":"Are millennials less entrepreneurial? In the era of Facebook, Twitter, Snap and the slew of unicorns founded by (or attractive to) millennials, we were quite surprised when we came across this piece by the FT which suggests that in fact, millenials are less entrepreneurial than their counterparts from Generation X\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/11\/217.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550639,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/12\/meet-our-founder-of-the-week-nowpays-mostafa-ashour\/","url_meta":{"origin":610078,"position":2},"title":"Meet our founder of the week: NowPay\u2019s Mostafa Ashour","author":"enterpriseam admin","date":"12 April 2022","format":false,"excerpt":"OUR FOUNDER OF THE WEEK- Mostafa Ashour, co-founder and CEO of NowPay (LinkedIn).My name is Mostafa Ashour, and I\u2019m the CEO and co-founder of NowPay. I started my professional career as a software engineer at IBM in 2005, and went on to work for Microsoft as a program manager for\u2026","rel":"","context":"In "Founder of the Week"","block_context":{"text":"Founder of the Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/founder-of-the-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/473.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573600,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/11\/egyptian-fintech-firm-paymob-raises-usd-3-5-mn-investment\/","url_meta":{"origin":610078,"position":3},"title":"Egyptian fintech firm Paymob raises USD 3.5 mn investment","author":"enterpriseam admin","date":"11 August 2020","format":false,"excerpt":"STARTUP WATCH- Local fintech startup Paymob has raised USD 3.5 mn in an investment round led by Global Ventures and the Dutch Entrepreneurial Development Bank (FMO), according to an emailed statement (pdf). VC tech fund A15 also contributed to the round with a follow-on investment. The payments firm plans to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550980,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/meet-our-founder-of-the-week-paymobs-alain-el-hajj\/","url_meta":{"origin":610078,"position":4},"title":"Meet our founder of the week: Paymob\u2019s Alain El Hajj","author":"enterpriseam admin","date":"17 May 2022","format":false,"excerpt":"OUR FOUNDER OF THE WEEK- Alain El Hajj, co-founder and COO Paymob (LinkedIn).My name is Alain El Hajj, and I\u2019m the COO and co-founder of Paymob. I started my entrepreneurial journey while studying computer science at the American University in Cairo.Paymob is a digital payments provider and the largest digital\u2026","rel":"","context":"In "Founder of the Week"","block_context":{"text":"Founder of the Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/founder-of-the-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/487.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594962,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/12\/ebrd-sawiris-foundation-team-up-to-develop-egyptian-smes\/","url_meta":{"origin":610078,"position":5},"title":"EBRD, Sawiris Foundation team up to develop Egyptian SMEs","author":"enterpriseam admin","date":"12 September 2019","format":false,"excerpt":"EBRD and SFSD team up to develop Egyptian SMEs: The European Bank for Reconstruction and Development (EBRD) and the Sawiris Foundation for Social Development (SFSD) are partnering up to support the development and expansion of SMEs in Egypt, focusing on those of young people and women, according to an EBRD\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/2787.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=610078"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610078\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/610073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/610079"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=610078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=610078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=610078"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=610078"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=610078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}