RESEARCH PROVES EXPERIENCE IS A PIVOTAL FACTOR FOR ENTREPRENEURIAL SUCCESS

Recent research has dispelled the myth that entrepreneurship is a young person’s domain. In fact, business experts and Second Squared founders Lui Pangiarella and Akram Sabbagh are on the hunt for older, wiser and more experienced entrepreneurs.

The Perth based duo founded Second Squared in June 2018 in a bid to introduce a new investment concept called search funds to Australian entrepreneurs.

Search funds provide entrepreneurs an opportunity to run their own business in partnership with investors.

“We’re accelerating private entrepreneurship by building a Search Fund Eco-system that enables experienced executives to find and acquire businesses where they can leverage their wisdom,” Mr Sabbagh said.

“Unlike startup accelerators, we work with those who want to take their well-founded wisdom into operating businesses and take it to the next level.”

Mr Pangiarella said a lot of older people were nervous about getting into start-ups because they were convinced it’s a young person’s game.

“Innovation and disruption are big buzzwords in the start-up world, and for some reason those qualities tend to be associated with youth,” he said. Read more

Rebecca Thacker - Dynamic Business - 17 Jan 2019