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Because young entrepreneurs are more creative and imaginative, and are willing put 100% of their lives into their startups, he said. “It’s not a guess, this is
by pstack 15y ago
Because young entrepreneurs are more creative and imaginative, and are willing put 100% of their lives into their startups, he said. “It’s not a guess, this is a data driven observation,” says the VC.
The article is unclear as to whether this applies to startups seeking venture capital or all startups, in general.
It also states that it's not a matter of opinion, but data-driven fact. If I'm not reaching out to a VC or engaging with a VC in any way whatsoever, what data is he going to have on me? Isn't he only going to have access to data about startups that are reaching out for capital?
I'm in my thirties and I know that very few startups actually need millions of dollars. I still haven't figured out the justification for such ridiculously huge investments and expenses in most internet startups. Anyway, I digress. Being in my thirties, what I need are ambitious partners who can fill in the tech or business gaps I personally have as well as inspire, invigorate, stir ideas and share in the glory and the gloom.
What I don't need are millions of dollars to get started. Or even hundreds of thousands. Whatever I need, I can almost assuredly take care of on my own (and with partners, our own). I suppose that one reason I don't need this is that I'm not just a year or two out of college and $200k in debt from my education. I'll never reach out to a VC and he'll never know of me, unless he comes sniffing around.
By the way, it would seem that investing in someone younger is a lot wiser, because you'll get a lot more potential years of return if you're investing in "people" and not "product". Why invest with a stubborn middle aged guy who won't put up with your shit? Come on, honey! Sign on the dotted line and we'll make you a rock and roll star!
Anyway, this all seems like a lot of navel-gazing. I could sit around arguing if someone is too old to do something all day, but I'd rather go prove it.