[webmaven]

> Why are companies obsessed with 'young people'? They know nothing, and have hardly any experience. Us 'slightly older people' are a way better bet.

The charitable explanation is that investing in an unknown has almost unlimited potential upside that investing in the experienced doesn't provide (because an experienced Bezos|Page+Brin|Zuckerberg, etc. doesn't need VC money), so investors are only left with 3-5x opportunities[0], when the once-in-a-blue-moon 100x blockbuster is what actually covers the cost of all the failed investments and still turn a profit.

The uncharitable explanation is that the young and inexperienced are easier for investors to take advantage of via liquidation preferences etc.

[0] This assumes that an experienced founder with a 3-5x track record doesn't have a 100x company in them. Which is patently false, but so goes the narrative.