Seasoned professionals make better founders and their startups more likely to succeed. 👇There is evidence to suggest that people with prior work experience are better founders. A study in the Harvard Business Review found that founders with prior work experience were more likely to succeed than those without. The study found that founders with prior work experience had a better understanding of the market, were more likely to have a strong network, and were more likely to have the skills and knowledge necessary to run a successful business.https://hbr.org/2018/07/research-the-average-age-of-a-successful-startup-founder-is-45In addition, Founder Friendly Labs, the equity-free startup accelerator for experienced professionals, has a great success rate. "If you’re looking for popular accelerators like Y Combinator and 500 Startups to top the list, we’re sorry to disappoint you. According to exit rate, YC and 500 Startups are ranked 18th and 16th respectively....The four most active accelerators have an exit rate of about 10% or half that of the top ones like AngelPad, Founder Friendly Labs, and Starve Ups....Beyond individual Techstars programs like Techstars Boulder, top startup accelerators include Founder Friendly Labs (20.7%), AngelPad (20.3%), Starve Ups(17.5%), Microsoft Accelerator(16.0%), and Stanford’s StartX(14.1%)."https://betaboom.com/blog/best-startup-accelerators/Of course, not all founders with prior work experience are successful. There are many factors that contribute to the success of a startup, including the founder's vision, the team, the market, and the timing. However, having experience can give founders a significant advantage.At Acquired Wisdom Fund (AWF.VC), our goal is to help seasoned professionals create scalable technology products. AWF.VC invests in early stage tech startups at the pre-seed and seed stage. As software generalists, we don't focus on any particular vertical, investing in both B2B and B2C startups. Great founders can look like anyone and come from anywhere, so startups seeking to pitch AWF.VC do not need a warm intro and can simply fill out the form on our website.https://awf.vc/If you're considering starting a business, having prior work experience can give you a significant advantage. It's not a guarantee of success, but it can make the journey a lot easier.