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My theory on this has been for a while. Not just for coverage, but for the lack of "Older people problems" startups. It's not just they don't get coverage, it i
by eranation 13y ago
My theory on this has been for a while. Not just for coverage, but for the lack of "Older people problems" startups. It's not just they don't get coverage, it is a miracle they are being founded in the first place.
I think it's because young people try to solve (most of the times) young people's problems (music, dating, photos, food delivery, code and technology tools, movies, social activity, even taxi riding, most people with kids buy a van and move to the suburbs). Young people also tend to have a slightly bit more free time, and are more likely to share things they use and like. And I don't mean only teens, I also include professional, smart, rich, educated 25 years old who work in a startup, or own a company, or sold one, or had stocks in one and now are millionaires, and even become VCs, mentoring and helping other startups.
There are billions of dollars on the table that "Old people" companies are taking. Look at all the boring enterprise Java jobs out there, these people are selling stuff. to other companies you haven't heard of, solving business problems you haven't encountered and perhaps never will if you are a 25 years old hacker, because you will never want to go work for these companies.
Older people work there, and even if they have a great idea for a startup they are much less likely to do it.
1) health insurance - prime reason. older people tend to have kids, or in the making. Unless they have some savings, they can't risk losing their health insurance.
2) family, yes, there are successful founders with kids, but it is much easier to start a company when you don't have any. how many people with families move to SF for 3 months for YC and leave their kids and spouse at hime?
3) age bias. VCs look at older people like this - if you had what it takes, why did you get a boring Java job for 10 years till you decided to jump into the water?
4) Enterprise sales is hard. it takes sometimes 2 years of a sales cycle to close a deal. but when you do it can be a 7 figure deal easily.
5) What the article said about young tech writers, I agree
- rexreed 13y agoExactly - Enterprise Software is still a largely untapped area of significant opportunity precisely because it gets little attention from VC, startup folks, and the tech press. That's where the opportunity is.
- rustynails 13y agoI'd also call it a "mindset". The younger generation are far more network focused. I developed a product that doesn't work/share online ... To protect privacy. But, I seem to be a lone wolf in that mindset. Most of these popular technologies utilize online capability. I'm not saying this as a statement of frustration, just a recognition. I deplore the facebooks and other data-mining tools so much that I would never develop a system that was engineered to invasively profile you - it reminds me of an anal probe. Most of my over 40 colleagues are like-minded (at least about privacy). This is a big advantage for the younger generation who see and think very differently.
- wavefunction 13y agoNot just older people, let's consider some other demographics beyond mostly white wealthy 20-something men: Women Rural populations Countries other than the US The disabled or those with different capabilities Now it makes a lot of sense to craft a product for people that have money to spend (young men with disposable income) but if we're truly serious about improving the world, we need to get out of our own experiences. I'm not going to claim it's easy to understand the position of someone with a completely different background, but I would like to encourage you all to consider if we can make this world a better world for _everyone_ and not just people with AppCash to spend.