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> There's difference which is much bigger though: VC's can take much bigger advantage of a 25 year old than a 50 year old. This deserves more attention, in lig
by analyst74 14y ago
> There's difference which is much bigger though: VC's can take much bigger advantage of a 25 year old than a 50 year old.
This deserves more attention, in light of ageism concerns.
If a 50 yo founder has used his time wisely, built up connections, deep domain knowledge, general know-how, decent bank account, there is little reason for him to take external investments. Even in the rare occasions he does, he is well aware of his value, and demand favorable term sheets.
On the other hand, if a 50 yo founder doesn't have the confidence, connection or personal wealth to fund his own venture without a good reason. He is looked much less favorable than a 20 yo in the same state.
In short, the older you are, the more is expected of you.