> The young wild guys arrive That's exactly the problem. The 20-something hipsters who start these companies don't yet have the life experience to realize how

> The young wild guys arrive That's exactly the problem. The 20-something hipsters who start these companies don't yet have the life experience to realize how ignorant they are. So of course they don't pay any attention to the lessons of history. And so they, very painfully, re-learn them. If the hipsters had some humility they would have also hired a few grizzled, experienced old fogies. Fortunately not all startups assume that anyone over the age of 30 isn't worth hiring. For a non-technical example, look at how Google hired Eric Schmidt to provide adult supervision.