Does Experience Matter for Startups?
There is an ongoing debate about the age of entrepreneurs when it comes to establishing a new venture. What do Venture Capitalists actually prefer; the youth with fresh ideas and passion or the older serial entrepreneurs with market experience? If we have to believe the records, VCs flock to young entrepreneurs when it comes to setting up a startup. Why do VCs favor the young? So is this one of the reasons of high failure rates of startup ventures? All these questions are answered in an article written by an‘old guy’ himself:http://www.techcrunch.com/2009/09/07/when-it-comes-to-founding-successful-startups-old-guys-rule/
I’ve got a message for all the Silicon Valley venture capitalists who think a CEO is over the hill after age 40. Old guys rule. And they are far more likely to be the founder of a successful technology company than most of you understand.
