" Starting a company is rough. It’s even harder when you’re young – I know this firsthand, because my first company flopped when I was 25. "
- Andrew Yang

Starting a business can be challenging, but the difficulties are compounded when you're young and perhaps less experienced. The speaker acknowledges that they faced these challenges personally when their first entrepreneurial venture failed at age 25. This experience highlights the additional hurdles that younger entrepreneurs might encounter due to limited professional exposure or financial stability.

On a deeper level, this statement underscores broader societal issues related to entrepreneurship and youth. Many young people are driven by ambition but lack the resources, connections, and sometimes the patience that can come with age and accumulated wisdom. The quote also suggests that failure is an inevitable part of the learning process for entrepreneurs; it’s not just about the challenges of starting a company but accepting that setbacks will occur along the way. By sharing this personal experience, the speaker aims to encourage other young individuals to persevere despite obstacles and learn from their mistakes.

The author of the quote, Andrew Yang, is an American entrepreneur and politician who gained significant public attention for his campaign in the 2020 United States presidential election. Known for his advocacy on issues such as universal basic income and education reform, Yang brings a unique perspective to discussions about entrepreneurship and policy, blending practical business experience with political insight. His personal account of starting and failing at a company at a young age resonates with many aspiring entrepreneurs who face similar challenges in today’s competitive landscape.