[pg]

"Actually the best model would be to say that the outcome is the product of skill, determination, and luck. No matter how much skill and determination you have, if you roll a zero for luck, the outcome is zero."

http://paulgraham.com/really.html

"There is a large random factor in the success of any company. So the guys you end up reading about in the papers are the ones who are very smart, totally dedicated, and win the lottery."

http://paulgraham.com/wealth.html

[DilipJ]

Granted, but sometimes the impression that comes off to a young kid may be akin to that of Lebron/Kobe telling innercity kids that they should study and go to college because not everyone can make it to the NBA. Stuff like that falls on deaf ears, because the only thing that the kids take away is "this guy with a high school degree gets millions for dribbling a ball and that means I can too".

Perhaps YC should focus more on attracting guys in their 30's or 40's? You'll end up with candidates who are more grounded and who will have a better idea of the risks they are entering into. They might also come up with better business and consumer solutions than the youths that typically apply. It might be worth trying out, even just as an experiment,to have one of your funding rounds be set aside exclusively for those who are 30+

[nir]

The NBA example is exactly what I meant.

I'm not really referring to PG or YC specifically, more to the general attitude in the startup community: it's becoming increasingly becoming Hollywood-like, with founder profiles in Vanity Fair and NY Magazine (and startups like Quora that follow the Hollywood club model of celebrity hype + watered down drinks), but while most people know that success in Hollywood is largely random, few realize how much this applies to exit-strategy startups.

[rphlx]

But older people have more commitments, more balanced lives, a higher price tag, and often less energy. Early/mid 20s male fanatics are the workhorses of the engineering world and surely the best bet from an investment POV. They will break their backs for you(r capital). Just pair them with 1 or 2 older guys for guidance/experience.