They have less to loose (already broke), are not accustomed to nice things (never experienced a real salary), and are enthralled by startup culture (so they'll

They have less to loose (already broke), are not accustomed to nice things (never experienced a real salary), and are enthralled by startup culture (so they'll accept shit equity and work all night). There's also a bias in which ones we read about. Nobody puts the age of a 40 year old founder in a headline. I think PG wrote an essay on why ycombinator started out primarily accepting new graduates, but I can't find it right now. Clearly he had a different take.