Palmer Luckey, founder of VR company Oculus, shared his insightful views on youth entrepreneurship in a podcast. As a typical example of starting a business at 18, many people praise his courage for doing so. However, he believes that many people mistakenly believe that starting a business at a young age is a high-risk behavior, but the truth is quite the opposite. At 18 or 19, there are no family burdens or professional baggage, and the cost of failure is only time. Entrepreneurial experience can become a plus on your resume.

Compared to part-time jobs or other work experiences during your school years, even a failed business venture can better highlight your abilities and perspective. Conversely, as you get older and become accustomed to high salaries, mortgages, and family responsibilities, starting a business becomes a truly high-barrier endeavor.