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The public only knows consumer tech startups, which imo is like catching lightning in a bottle & selling it. The key idea/insight probably matters more in consu
by rkk3 5y ago
The public only knows consumer tech startups, which imo is like catching lightning in a bottle & selling it. The key idea/insight probably matters more in consumer, which can benefit from being young or around young people. You also don't get as much of a benefit from experience & professional network as you do in other verticals; B2B SAAS, Deep Tech etc. Without making the distinction between types of companies, pieces like this are silly pop-sci.
- lumost 5y agoYoung consumers are also more open to new consumer tech than older customers. Being young and starting a consumer tech company is a lot like having unique industrial knowledge of your target customer. If you look at how many early stage consumer tech companies were implemented - many of them also throw economics out the window when they are first starting e.g free video hosting and serving without a plan to charge money. I suspect that younger founders are more believable to VCs and investors when they pitch these kinds of ideas then more experienced founders. It's easier to think that inexperienced founders will wise up while thinking that experienced founders never did.