[jiggy2011]

I wonder how many people over 50 would apply? IIRC the seed capital they provide is probably small enough that a 50 year old would likely have that in their savings and possibly enough contacts/credit rating to get other funding directly.

The closest I could find was this: http://www.paulgraham.com/mit.html

But all he really says there is that younger founders have an advantage that they can live on less money.