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The flip side to this is that older teams, more aware of their limits, may play a more conservative game, funding more carefully from operations, and the like.
by einhverfr 15y ago
The flip side to this is that older teams, more aware of their limits, may play a more conservative game, funding more carefully from operations, and the like. This means also less of a need for VC funding, and it means less of an opportunity for VC's to leverage successive rounds to dilute founder's shares.
In other words, lower risk, lower rewards.
- mikeleeorg 15y agoI couldn't find the article, but I read somewhere that the rate of success for older entrepreneurs is higher than for younger ones, because of their accumulated experience and wisdom. There's definitely a flip side.