Why Spin Master's cofounder says your 20s are the prime time for business

Harary, who launched Spin Master at age 23 while living with his mother, suggests that the primary benefit of starting young is the ability to take risks without the weight of established expectations. He notes that when you are 25, industry veterans are more likely to offer mentorship rather than view you as a direct threat. He recalls reaching out to Hasbro’s former CEO, Alan Hassenfeld, who provided critical guidance to the young founders simply because they were perceived as newcomers rather than rivals.

Beyond the social dynamics, Harary emphasizes that the compounding effects of early hustle are difficult to replicate later in life. He argues that the high levels of drive and resilience typical of one's 20s naturally diminish by middle age. Despite his success, he does not advocate for skipping education. Harary credits his time at the University of Western Ontario as essential, noting that the environment fostered the relationships with cofounders Anton Rabie and Ben Varadi that made the company possible. His recent book, "No Experience Necessary," further explores the idea that knowing less can actually be an asset, as it removes the paralyzing fear of failure that often stalls older entrepreneurs.