Young CEOs Of Startups Find Benefits, Challenges By Hiring Employees 40 And Older

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Young startups tend to hire younger workers. By Nate C. Hindman (Writer, Huffington Post)

Eric Grosse's rite of passage at TaskRabbit, a San Francisco-based web startup, came late last year at the company's annual holiday party. It was just one month after TaskRabbit hired Grosse, who was previously a senior executive at Expedia, the online travel giant. Someone at the party turned on the office's Xbox and popped in the game Dance Central. Suddenly, Grosse, who is 42, found himself in a virtual dance-off with his co-workers, most of whom are in their 20s.

Despite some dexterous dance moves, Grosse is still considered the old guy at the office. Had he remained in corporate America, his age would be unremarkable, but young companies like TaskRabbit tend to hire younger workers, according to a new study based on Census Bureau data - making a 40-something like Grosse stand out. At firms 20 years or older, less than a third of employees are under the age of 35, and nearly half of employees are older than 45, the study found. In contrast, in startup firms founded within the past five years, 45 percent of workers are under 35, while 30 percent are over 45.

» Read the full article at Huffington Post.