3 ms·

While I think you're underestimating what young adults should reasonably be capable of, if for argument's sake we accept that "most people in their early 20's l

• mgkimsal 12y ago
  The cynic in me says it's a lot harder to manipulate someone more grounded and experienced - someone in their 30s or 40s. Doesn't mean everyone who is 30+ is somehow automatically mature, but the maturity (emotional, financial, etc) tends to evolve as one ages.
  • tjradcliffe 12y ago
    There may be some of that, but at least as importantly: as people get older they tend to be less delusional about how brilliantly successful their crazy idea is going to be. By "not delusional" I mean "they have a statistically valid estimate of the likelihood of success." That means they don't found companies as often. This is not a criticism of 20-somethings who leap into startups--there is no better time to do it--particularly because some of them succeed, and then we all get nice things. But it is in the nature of startups that the odds of failure are so high that the kind of level-headed, staid, steady, sensible person you'd really like to be running a company is the kind least likely to be running it.
• smacktoward 12y ago
  It's great for the VCs, since 20-somethings lack the experience to know when they're getting screwed and the connections to push back effectively when that happens. It's not great for the 20-somethings, but in this model they're essentially considered disposable; burn out as many as you want, a new crop always comes along next year.