Inexperienced people don't value experience, because they lack the experience to know the value of experience. Bay Area Startups hire inexperienced people beca

Inexperienced people don't value experience, because they lack the experience to know the value of experience. Bay Area Startups hire inexperienced people because they are cheaper, and more willing to take a bad deal. (Experienced people are more likely to know a bad deal.) These inexperienced people are the ones doing the interviewing (and often the ones running the companies) and so experience is not valued.