[apatters]

If you're an investor the other advantage is that youth is cheap.

The VC model is to fund a lot of sometimes wacky ideas, the founders live on ramen for a year or two and work out the kinks of the business model and code a prototype. You don't need seniority for this you just need people with open minds who work long hours so enthusiastic youngsters work great. If an investment achieves product market fit you start bringing on some more senior people at that point.