[bsder]

> Don't really disagree that older founders are generally going to be more competent/experienced, but is an alternate interpretation of the data that as people get older their appetite for doing risky things decreases?

Risky is dumb. But VC's want you to be risky--swing for the fence or go home.

Older entrepreneurs know that you have to do something different than everybody else or you will fail, but their experience tells them what that is so that instead of being risky, it's simply being smarter.

Older entrepreneurs also tend to shoot more for a solid business with cashflow. It won't go exponential, but it will likely make the owners and employees more money than a "unicorn".