I'm just guessing, but I think experience would actually get you more investment. But interesting backstory gets you more press. Thus the impression that backstory is more important. Most funded startup founders are older and experienced. They just don't get as much tech press coverage.

Kind of like why many people fear sending their kids to school because they might be killed by a mass shooter. When in reality, the drive to school is much more dangerous.

This company is from Canada, not Silicon Valley, and has nothing to do with MIT or the Thiel fellowship. Please avoid polluting comment threads with this kind of off-topic sneering.

If they had inexperienced developers, that's most likely because they're cheaper, not because they have an amazing narrative behind their backs.

Aka the "Nerd Rockstar Bias"

who is "Silicon Valley"?